Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund -NSSF, Managing Director, Richard Byarugaba says the proposed amendments to the NSSF Act, 1985 will among other things increase coverage, enhance savings, facilitate innovations and increase saver’s benefits and therefore a solution to old age poverty. Byarugaba defended the …
Read More »Weakness of NSSF amendment Bill
The reforms the NSSF Act and Social Pension Schemes need for alignment with comprehensive social protection systems COMMENT | PATRICK AJUNA | The National Social Security Fund (NSSF) (Amendment Bill), 2019 presented in parliament recently has generated mixed reactions from the public on a number of issues of interest. This …
Read More »Pension to be largest sector in Uganda
Martin A. Nsubuga was confirmed as the Chief Executive Officer for Uganda Retirement Benefits Regulatory Authority (URBRA) in June 2019. He broadly spoke to The Independent’s Julius Businge about his plan and emerging issues in Uganda’s pension sector. What is it that you have started off with as substantive CEO? …
Read More »NSSF will not lend directly to government-MD
The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …
Read More »Targeting NSSF money
The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …
Read More »Namboole stadium needs UGX 15bn for CCTV cameras, fence
Kampala, Uganda | THE INDEPENDENT | Mandela National Stadium is seeking 15 billion Shillings for acquisition of security equipment and to erect a fence. The budget is revealed in documents submitted to Parliament’s Public Accounts Committee (PAC) –Central Government by the Stadium Managing Director Jamil Sewanyana. The documents were demanded …
Read More »VIDEO: Is the NSSF Amendment Bill 2019 targeting workers’ savings?
VIDEO: Is the NSSF Amendment Bill 2019 targeting workers’ savings? Kampala, Uganda | VIDEOS NTV UGANDA | The NSSF Amendment Bill that is now in parliament is a big win for members, as they will be able to take home more at the end, and will enable NSSF management offer more …
Read More »NSSF BILL: Mandatory contribution by all in formal sector
Kampala, Uganda | THE INDEPENDENT | A bill that aims to expand social security coverage by making contributions to the National Social Security Fund (NSSF) mandatory for all workers in the formal sector has been presented to parliament for its first reading. Minister of State for Youth and Children Affairs Florence …
Read More »NSSF increases funding for KAVC international memorial tournament
Kampala, Uganda | THE INDEPENDENT | National Social Security Fund-NSSF has increased funding to the Kampala Amateur Volleyball Club (KAVC) memorial international tournament from Shillings 130 million last year to Shillings 180 M this year. The increased funding is meant to boost the morale of players. The winning team will receive …
Read More »Former NSSF director Jamwa asks Supreme court to acquit him
Kampala, Uganda | THE INDEPENDENT | David Jamwa, the former Managing Director of the National Social Security Fund-NSSF has asked the Supreme Court to quash his conviction for abuse of office and causing financial loss. Jamwa is seeking to quash the 12 year jail term handed to him by the …
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