Tag Archives: nssf

Kampala, Uganda | THE INDEPENDENT | The Gender, Labour and Social Development Committee of Parliament has approved the 20 percent midterm access for National Social Security Fund (NSSF) savers aged 45, and have saved for 10 years. The NSSF bill which among other things sought to allow for midterm access of …

  Kampala, Uganda | THE INDEPENDENT | The Gender committee of Parliament has resolved to revert the management and supervision of the National Social Security Fund (NSSF) to the Ministry of Gender. The fund is a government agency responsible for the collection, investment and distribution of retirement funds from employees who are …

Kampala, Uganda | THE INDEPENDENT |  A consensus has been reached on the midterm access for Ugandans aged 45 and have saved with the National Social Security Fund (NSSF) for 10 years, but conflict still remain on who should supervise the fund. Different stakeholders including the Ministry of Finance and planning, …

Kampala, Uganda | THE INDEPENDENT | There are adequate funds under the National Social Security Fund (NSSF) to pay midterm access, the Finance State Minister in Charge of Planning, Henry Musasizi has revealed. Appearing before the Gender Committee of Parliament that is considering the issue of midterm access, the minister noted …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has said that it has no money available for lump sum payments if parliament passes the NSSF Amendment Bill. NSS say payments can only be staggered. This was disclosed by the fund’s Managing Director Richard Byarugaba on Thursday …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has won the five-star award for the Africa and Arabia Property awards for their real estate project in Lubowa, dubbed Solana, it said on Oct.11. This was during a virtual awards ceremony in London that brought together the best property …

Kampala, Uganda | THE INDEPENDENT | How does it matter that the tax on an individual’s contributions to the National Social Security Fund is deferred to the time of withdrawal of the benefits, as had earlier been proposed by the NSSF? The media reports that the government plans to tax the …

✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …

The fund has reported an 8% increase in member contributions for FY2020/21 Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund will easily achieve its Shs 20 trillion asset under management target for 2025 once the NSSF Amendment Bill is passed into law, the fund’s executives say. The …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund is likely to give a lower interest to savers for the year 2020/21, than what was paid out last year, according to the economic conditions prevailing. The decision to raise, lower or maintain the interest rate largely depends on two factors, …