Kampala, Uganda | THE INDEPENDENT | The National Organisation of Trade Unions (NOTU) has said that it is against a planned demonstration by a section of savers against the National Social Security Fund- NSSF. Usher Wilson Owere, the Chairman General of NOTU says that the body is not part of …
Read More »20% NSSF payout benefits no one
While everyone understands the financial squeese workers are going through, let’s not court more disaster COMMENT | PETER NYANZI | In the 1830s, the British Economist William Forster Lloyd wrote an essay in which he described a phenomenon he called the ‘tragedy of the commons.’ Simply put, if a shared/common …
Read More »Rebooting Uganda’s economy post COVID-19
Private sector present various stimulus packages to government on how kick-start business activities back to normal growth curve Kampala, Uganda | ISAAC KHISA | Life is slowly returning to normalcy in Uganda’s towns save for those that lie on the borders with neighbouring countries. Shops and restaurants are back to …
Read More »Human Rights activists petition Court over NSSF relief
Kampala, Uganda | GODFREY SSALI | Uganda’s Constitutional Court has given National Social Security Fund (NSSF) and the Attorney General of Government 10 days within which to respond to a petition filed by a Human Rights Activist Morris Rwakakamba. Rwakakamba who filed the petition in public interest, wants an interpretation of …
Read More »Officials want NSSF name changed
Kampala, Uganda | THE INDEPENDENT | Officials in the pension sector are debating the idea to change the name of National Social Security Fund (NSSF) because ‘the way it is now’ doesn’t speak to what the fund is. Martin Nsubuga, the executive director of the Uganda Retirement Benefits Regulatory Authority (URBRA), …
Read More »1500 businesses write to NSSF to reschedule contributions
Kampala, Uganda | THE INDEPENDENT | At least 1500 businesses countywide have written to the National Social Security Fund-NSSF to reschedule their contributions for the next three months, URN has learnt. This follows a notice issued by NSSF on March 31st, 2020 inviting businesses and employers facing economic distress to reschedule …
Read More »NSSF will allow access to funds if Parliament approves – Byarugaba
Kampala, Uganda | THE INDEPENDENT | The Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba has said that they will have no option but to pay the 20 percent to each saver as long as it is approved by Parliament. Members of Parliament are debating a midterm access …
Read More »NSSF boss warns of tough times if forced to pay 20% to savers
Kampala, Uganda | THE INDEPENDENT | The Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba has warned of the likelihood of the collapse of the fund if the suggestion that it pays 20 percent to each saver is approved. In a ‘passionate’ four-page letter to the Minister …
Read More »Kuluva hospital workers strike over non-payment
Arua, Uganda | THE INDEPENDENT | Work grounded to a halt at the Church of Uganda owned Kuluvu hospital in Arua district on Monday when health workers and support staff laid down their tools protesting nonpayment of their wages and contributions to the National Social Security Fund-NSSF. The more than 80 …
Read More »NSSF hands over COVID-19 items worth Shs380million
Kampala, Uganda | THE INDEPENDENT | Julius Businge | The National Social Security Fund (NSSF) has donated 5, 000 coronavirus testing kits, reagents and accessories worth Shs381million to the Ministry of Health, it said on April 21. Officials said that part of this money (Shs60million) has been contributed voluntarily by individual …
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