Kampala, Uganda | THE INDEPENDENT | At least 1500 businesses countywide have written to the National Social Security Fund-NSSF to reschedule their contributions for the next three months, URN has learnt. This follows a notice issued by NSSF on March 31st, 2020 inviting businesses and employers facing economic distress to reschedule …
Read More »NSSF will allow access to funds if Parliament approves – Byarugaba
Kampala, Uganda | THE INDEPENDENT | The Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba has said that they will have no option but to pay the 20 percent to each saver as long as it is approved by Parliament. Members of Parliament are debating a midterm access …
Read More »NSSF boss warns of tough times if forced to pay 20% to savers
Kampala, Uganda | THE INDEPENDENT | The Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba has warned of the likelihood of the collapse of the fund if the suggestion that it pays 20 percent to each saver is approved. In a ‘passionate’ four-page letter to the Minister …
Read More »NSSF hands over COVID-19 items worth Shs380million
Kampala, Uganda | THE INDEPENDENT | Julius Businge | The National Social Security Fund (NSSF) has donated 5, 000 coronavirus testing kits, reagents and accessories worth Shs381million to the Ministry of Health, it said on April 21. Officials said that part of this money (Shs60million) has been contributed voluntarily by individual …
Read More »COVID-19: NSSF declines to make partial payments to members
Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund [NSSF] has said, it has no legal mandate to make partial payments to its members who are currently struggling with the effects of coronavirus. Since last week when the president ordered for a partial lock down of the country, prices …
Read More »NSSF promises more support to the National Blood Bank
Kampala, Uganda | Julius Businge | The National Social Security Fund (NSSF) has promised to give more support to the National Blood Bank in terms of more blood that it wants to deal with the shortage. In a statement shared with The Independent, the Fund said that, as part of its corporate …
Read More »NSSF’s Mbuya housing units targets high end customers
Kampala, Uganda | Julius Businge | The National Social Security Fund (NSSF) is expecting to record Shs 26 billion as total revenue from its new Mbuya housing project. Dubbed Citadel Place, the project has 40-units and was opened by Gabriel Gadison Ajedra Aridru, the state minister of finance in charge of general …
Read More »NSSF Byarugaba defends Bill as solution to old age poverty
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 »NSSF unveils digital libraries project for selected gov’t schools
Kampala, Uganda | THE INDEPENDENT | National Social Security Fund-NSSF is to set up digital libraries in 11 government aided schools across the country. The project will involve the distribution of 40 tablets with a fully-fledged curriculum for O’ and A’ levels to each of the beneficiary schools. While unveiling …
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 …
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