The government has reintroduced the Retirements Benefits Sector Liberalisation Bill 2011 to Parliament amidst protests from Worker’s members of parliament and trade unionists.
The Bill is aimed at ending the monopoly of the National Social Security Fund as the savings body for workers. The Fund is now worth Shs6 trillion.
Henry Musasizi, the chairman of the Finance Committee in Parliament said they will scrutinise the bill for 45 days and engage stakeholders including Workers MPs, Uganda Retirements Benefits Regulatory Authority (URBRA), Ministry of Finance, and the general public. He said the committee will be ready to present the report to parliament by January 2017.