Tag Archives: nssf

The Federation of Uganda Employers (FUE) is celebrating its 60th anniversary this year. The Federation’s Executive Director, Douglas Opio, spoke to The Independent’s Ronald Musoke about the long journey and a wide range of employer-employee issues in the country. The Federation of Uganda Employers (FUE) is celebrating 60 years this …

Kampala, Uganda |  THE INDEPENDENT | The Constitutional petition demanding for a 20 percent mid-term access to benefits by contributors to the National Social Security Fund has been adjourned to February 25 2021 for conferencing. The petition which was filed by Morisson Rwakakamba the former Presidential Assistant on Research and Information and …

Kampala, Uganda |  THE INDEPENDENT |  The employees of China State Construction and Engineering Corporation Limited have agreed to resume work following a commitment by their employer to pay their National Social Security Fund-NSSF contributions and wage arrears.  The company was contracted by Kampala Capital City Authority-KCCA to construct Nakawa-Ntinda, John …

Kampala, Uganda |  THE INDEPENDENT |  Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system.  NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …

The pandemic has eroded return on contributor’s savings Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension firm, National Social Security Fund, will pay low interest rates on contributor’s savings due to the impact of coronavirus pandemic. NSSF Managing Director, Richard Byarugaba, flanked by his deputy, Patrick Ayota, said on Sep.24 …

Kampala, Uganda |  THE INDEPENDENT |  Savers with the National Social Security Fund will get an additional 10.75 percent of the value of their total savings held as at July 2020 in form of annual interest. This follows the surprise declaration of the interest rate for the year by the Minister …

✳ 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% Members to earn Sh1.14 trillion on their accounts  Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has today declared an unexpected double …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund forecasts it will pay members less than 10 percent interest down from the double-digit interest rate that it has paid over the last several years after their operations were adversely affected by the COVID-19 pandemic. The final interest rate …

Kampala, Uganda | THE INDEPENDENT | Parliament has halted its decision on the proposed mid-term access to benefits by contributors to the National Social Security Fund (NSSF) after legislators failed to agree on the group of people and percentage that should be availed. This followed a debate on a joint committee …

Kampala, Uganda |  THE INDEPENDENT | A  joint team comprising members from the finance and gender committees in parliament has rejected proposed direct lending by the National Social Security Fund (NSSF) to the government. The committee members say that this is intended to avoid abuse of member’s funds and conflict of …