Tag Archives: pension

  Kampala, Uganda | THE INDEPENDENT | Richard Byarugaba, the Managing Director of National Social Security Fund (NSSF) says the fund will have to set aside Sh1 trillion  if the President assents to the NSSF (Amendment) Bill, 2021. Parliament passed the Bill last month. Among the key provisions in the …

Kampala, Uganda | THE INDEPENDENT | Uganda Police Force has retired 155 lower rank officers who have clocked 60 years. The freshly retired officers comprise of 30 Inspectors of Police (IPs), 29 Assistant Inspectors of Police (AIPs), 48 Sergeants (SGTs), 27 Corporals (CPLs) and 21 Police Constables (PCs). The Assistant Commissioner in …

Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) has threatened to mobilize workers countrywide to protest the delayed processing of the National Social Security Fund (NSSF) amendment bill. Although the NSSF Bill recently appeared under the business to follow for debate on the order paper, …

✳ 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% …

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni, who is also the Commander in Chief of the armed forces has called on retiring UPDF senior officers and Generals to use their pension appropriately in order to live a dignified life. Museveni said if the retiring officers squander their pension and go …

Kampala, Uganda | THE INDEPENDENT | The Uganda Retirement Benefits Regulatory Authority (URBRA) has partnered with Insurance Training College (ITC) to train Trustees, who are key persons in the proper management of the pensions sector. Unveiled on April 16, the Trustee Training and Certification Programme is intended to enhance professionalism of …

Kampala, Uganda | THE INDEPENDENT | Local government LC V chairpersons are asking government to given them pension, claiming that their counter parts in parliament are already enjoying the facility. The leaders argue that they serve more responsibilities and electoral areas compared to members of parliament. They find it unfair that …

Kampala, Uganda | THE INDEPENDENT | Members of the Public Accounts Committee of Parliament have been alarmed by a total of 5.8 billion Shillings meant for payment of pensions in the Education Ministry that was never disbursed to the beneficiaries. The funds were appropriated in the financial year ending June 2019 …

📌 NSSF amendment bill highlights ✳ To EXPAND social security coverage by providing for mandatory contribution of all workers regardless of the size of the enterprise or number of employees and also allowing voluntary contributions to the Fund ✳ To provide for midterm access to VOLUNTARY contributions ✳ To empower …

   Retirement benefits sector marks improved efficiency, reduced operational costs Kampala, Uganda | THE INDEPENDENT | The retirements benefits sector is set to get a boost of close to 400,000 new members once the proposed Public Service Pension Scheme starts operating. The Uganda Retirement Benefits Regulatory Authority (URBRA) is optimistic the …