✳ 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 »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 »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 »Patrick Ayota handed NSSF top job
Kampala, Uganda | THE INDEPENDENT | Patrick Ayota has been named the new National Social Security Fund (NSSF) managing director, to take over from Richard Byarugaba whose contract was not renewed. “We are pleased to inform NSSF members, stakeholders and the public that the Minister of Gender, Labour, and social …
Read More »NSSF, UNRA partner to promote social security compliance in the road sector
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund, with support from the Uganda National Roads Authority, has embarked on a sensitisation drive to ensure contractors in the road sector comply with the remittance of social security contributions for their workers. In a news release sent to …
Read More »NSSF, Mastercard Foundation innovation programme creates 60,000 jobs
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund Hi-Innovator innovation programme has created close to 60,000 employment opportunities for youth and women entrepreneurs over the last three years of implementation, the Fund’s Ag. Managing Director Patrick Ayota has said in a news release shared with this website. …
Read More »NEW ACT: NSSF gives all employers 30-day deadline to register
Kampala, Uganda | THE INDEPENDENT | Today marks the beginning of the 30-day ultimatum provided for by the amended National Social Security Fund (NSSF) Act requiring all employers in the Small and Medium Enterprises and informal sectors to register with the fund or risk penalties for non-compliance. According to …
Read More »NSSF, Mastercard Foundation give Shs4.8billion boost to women led businesses
Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) in partnership with Mastercard Foundation have awarded Shs4.8bn seed funding to 66 women entrepreneurs through their Hi-innovator Women Accelerator program. A total of 15,000 job opportunities for women and youths countrywide are expected to be created through this …
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