Kampala, Uganda | THE INDEPENDENT | Workers Representative Dr. Sam Lyomoki has secured leave of parliament to table the National Social Security Fund Amendment Bill, 2019 by way of private member’s Bill. The bill seeks to amend the NSSF Act, 1985. Parliament granted Lyomoki leave on Tuesday after the Deputy Speaker …
Read More »NSSF MD: Clients reluctant to update their details
Kampala, Uganda | THE INDEPENDENT | Most subscribers to the National Social Security Fund-NSSF are reluctant to update their details. The NSSF Managing Director, Richard Patrick Byarugaba disclosed this during their Western Region Client’s meeting in Masaka on Tuesday. He explained that their records show that only 36 percent of …
Read More »Kenyan firm joins Uganda’s pension sector
Kampala, Uganda | THE INDEPENDENT | One of Kenya’s leading independent pension administrators has joined has joined Uganda’s pension after being licensed by Uganda Retirement Benefits Authority. Enwealth Financial services formerly operating as Liberty Pension Services in Kenya joins the liberalized pension sector in Uganda to provide retirement benefits. Unlike National …
Read More »Parliament pauses debate on Lyomoki’s NSSF motion
Kampala, Uganda | THE INDEPENDENT | Workers Member of Parliament, Dr. Sam Lyomoki has sought leave of parliament to table the National Social Security Fund Amendment Bill, 2019 by way of private member’s Bill. The bill seeks to amend the NSSF Act, 1985. In his motion of parliament, Lyomoki argues …
Read More »NSSF seeks to recover Shs160bn from ‘defaulting’ employers
Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) is seeking to recover over Shs160 billion following the announcement of a grace period of three months for all employers that have not remitted employees’ social security contributions to agree a payment plan. In exchange, the Fund will …
Read More »MPs moot Bill to amend NSSF Act
Kampala, Uganda | THE INDEPENDENT | Members of Parliament plan to table a Bill to amend the National Social Security Fund (NSSF) Act of 1985 to allow workers’ access their savings before the age of 50. The Act currently provides that a member of the Fund shall be entitled to benefits …
Read More »NSSF targets 6,000 units in nationwide blood donation drive
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) is targeting collection of over 6,000 units of blood in a week long countrywide blood donation drive. The NSSF’s 9th annual blood donation drive was launched today at Mulago Hospital. Speaking at the launch, the NSSF Managing Director, …
Read More »NOTU runs to court over NSSF board representation
Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) has petitioned the High Court, challenging the rejection of its nominees on the National Social Security Fund (NSSF) board. The NSSF 11th board was inaugurated in December, 2018, by Finance Minister Matia Kasaija, but without t representatives …
Read More »NSSF to focus on stalled projects
Kampala, Uganda | JULIUS BUSINGE | Patrick Byabakama Kaberenge, a seasoned banker and retired auditor has been re-appointed as the 11th Chairman Board of Directors for the National Social Security Fund. His new contract, alongside other nine members runs for the next three years. The Independent’s Julius Businge spoke to him …
Read More »NOTU, Finance Ministry bicker over NSSF representation
Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) is embroiled in a conflict over its representation to the National Social Security Fund (NSSF) board. The 11th NSSF board was inaugurated by Finance Minister Matia Kasaija yesterday but without workers representatives from NOTU. The inaugurated board is …
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