Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) Ag. Managing Director Patrick Ayota has clarified that the purported purchase of Nakigalala land has not yet taken place, and UGX 400b was budgeted for 2 pieces of land – one at Nakigalala and another at Nakawa following …
Read More »NSSF defends its performance and real estate investments
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has defended its performance over the last 10 years before the Parliamentary Select Committee investigating the National Social Security Fund (NSSF) and the appointment of the Managing Director and Deputy Managing Director. The Committee is chaired by Mwine Mpaka, …
Read More »What is going on at NSSF?
Kampala, Uganda | THE INDEPENDENT & URN | The appointment early this month of Patrick Ayota as caretaker Managing Director at National Social Security Fund (NSSF), was supposed to be a temporary measure to allow the board and appointing authority conclude on either reinstating Richard Byarugaba as head or name a …
Read More »Patrick Ayota takes charge of NSSF
Kampala, Uganda | THE INDEPENDENT | Patrick Oyota has been re-appointed Deputy Managing Director of National Social Security Fund (NSSF) for five years, and will be in charge as the search for a Managing Director continues. In a letter from the NSSF board to stakeholders, Patrick Ocailap from the Ministry …
Read More »NSSF and Mastercard invest $10m in Ugandan ‘Silicon Valley’
MasterCard Foundation, NSSF 2028 Target: To create 500 startups and up to 132,000 jobs ✳ Support 500 startups ✳ 100 startups to scale ✳ Create132,000 jobs ✳ 132,000 new NSSF members ✳ Use $10million ($5m Mastercard Foundation + $5m NSSF) ▶ In the past 14 months ✳ 8,039 entrepreneurs …
Read More »Blow to URA as interest paid to pensioners is now tax exempt
The taxman had expected to collect Shs42.5bn in principal and penal tax from NSSF contributors Kampala, Uganda | JULIUS BUSINGE | It became official on Nov. 02 that the National Social Security Fund will not be remitting income tax to Uganda Revenue Authority on the interest rate that it pays …
Read More »HEALTH: Why NSSF wants raise from 15% to 17%
➡ #NSSF Propsals on #NationalHealthInsuranceBill2019 ✳ Employers extra 1% contribution for health ✳ Employees extra 1% for health ✳ Total contributions move from 15% to 17% ✳ Money to build, stock & equip Health Centres ✳ New 1% charge on minimum wage of shs130,000 Kampala, Uganda | THE INDEPENDENT | …
Read More »NSSF loses Sh402 billion, members to get less than 15%
❇ Money paid in benefits up by 25% from sh360 billion to sh450 billion ❇ 17% growth in contributions collections from sh1.049 trillion to sh1.208 trillion ❇ Assets under Management up by 13.1% from sh9.98 trillion to sh11.3 trillion Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) members should expect …
Read More »