✳ 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% 2022 ✅ 09.65% 2023 ✅ 10.00% URBRA warns of low coverage in the retirement benefits sector and calls for effective policy responses to …
Read More »NSSF revenues up 15% to Shs2.2tn
The long-term bond yields recorded a decline compared to the previous financial year, with the 10-year bond yield decreasing from 15.6% to 14.7% Kampala, Uganda | JULIUS BUSINGE | Uganda’s National Social Security Fund (NSSF) has recorded a 15% increase in revenue, reaching Shs2.2 trillion for the Financial Year ending June …
Read More »Byarugaba goes to court to challenge Ayota’s appointment as NSSF MD
Kampala, Uganda | THE INDEPENDENT | Richard Byarugaba, the former managing director of the National Social Security Fund-NSSF has petitioned the High Court to annul the appointment of his successor, Patrick Ayota. In his application before the High Court Civil Division, Byarugaba argues that Ayota’s appointment as Managing Director …
Read More »Fake claims hindering timely payout of NSSF survivor’s benefits
Kampala, Uganda | THE INDEPENDENT | Families of some depositors conniving to prematurely access survivor’s benefits is a significant obstacle to the timely payment of the benefits, the National Social Security Fund (NSSF) has revealed. Survivor’s benefits are a crucial part of NSSF’s benefit payments, intended for the families of …
Read More »PATRICK AYOTA: NSSF on firm ground, growing
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) is on track to achieve all its 2015-2025 strategic objectives by 2025, and even earlier in some instances, their new Managing Director Patrick Ayota has stated. He has also promised that the Fund will yet again pay a competitive interest …
Read More »International Social Security members lay strategies to involve informal sector
Kampala, Uganda | THE INDEPENDENT | Members of International Social Security Association (ISSA), have agreed to have shared digital knowledge to expand social security coverage in the informal sector. ISSA is an extension of the International Labor Organization, focusing on improving social security services among its more than 170 member states. …
Read More »Global social security body opens regional focal center at NSSF
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has been elected as the focal point for the implementation of the International Social Security Association’s (ISSA) activities in East Africa. ISSA is the world’s international organisation for social security institutions, government departments, and agencies, with over 320 member …
Read More »Minister Lokeris and NSSF target oil contractors for contributions
Kampala, Uganda | THE INDEPENDENT | Subcontractors in the oil and gas sectors have been urged to ensure monthly contributions to the National Social Security fund. It is emerging that some of the companies that got part of the lucrative deals in the oil and gas development at Tilenga and …
Read More »NSSF moves to enhance social security compliance in the oil and gas sector
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has established a partnership with the Ministry of Energy and Mineral Development to enhance social security compliance within energy, oil, and gas. The partnership is in line with the Fund’s new strategic approach that focuses on increasing social security coverage …
Read More »NSSF new MD promises to grow assets to Shs 50tn by 2035
The Fund targets to increase contributors from the current 10% to 50% of the country’s workforce during the same period Kampala, Uganda | JULIUS BUSINGE | National Social Security Fund hopes to increase its assets from the current Shs 18.4 trillion to Shs 50 trillion by 2035, according to the Fund’s …
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