The pandemic has eroded return on contributor’s savings Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension firm, National Social Security Fund, will pay low interest rates on contributor’s savings due to the impact of coronavirus pandemic. NSSF Managing Director, Richard Byarugaba, flanked by his deputy, Patrick Ayota, said on Sep.24 …
Read More »NSSF: It is double digit, 10.7% interest despite COVID-19
✳ 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% Members to earn Sh1.14 trillion on their accounts Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund (NSSF) has today declared an unexpected double …
Read More »IN THE INDEPENDENT: Will Bobi Wine make or break EC?
Kampala, Uganda | THE INDEPENDENT | These are the top stories in this week’s THE INDEPENDENT. COVER STORY Will Bobi Wine make or break EC boss?: Why NUP is a test case for Byabakama THE LAST WORD Election rigging and Besigye’s choice: How legitimate claims of electoral malpractice have blinded the …
Read More »It is an 11% interest rate for NSSF members this year
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% Kampala, Uganda | THE INDEPENDENT | Ugandans saving with the National Social Security Fund (NSSF) will earn 11 per cent on their savings this year, a drop …
Read More »What interest rate will NSSF declare to savers today?
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 -……….. Kampala, Uganda | THE INDEPENDENT | Ten days after cautioning that National Social Security Fund (NSSF) will pay a lower interest rate on account of a drop in its total …
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 »NSSF will not lend directly to government-MD
The government’s plan to amend the current NSSF Act has caused uproar among the public in the past days. NSSF’s Managing Director, Richard Byarugaba, spoke to The Independent’s Isaac Khisa about the motives behind the proposed law and its implications to the members and economy. What does this NSSF Amendment …
Read More »Targeting NSSF money
The truth and the lies Kampala, Uganda | ISAAC KHISA AND JULIUS BUSINGE | Richard Byarugaba sits on the biggest pile of money in Uganda. He is the managing director of NSSF, the country’s only government-run compulsory pension savings scheme for workers valued at over Shs9.9 trillion as at June …
Read More »NSSF BILL: Mandatory contribution by all in formal sector
Kampala, Uganda | THE INDEPENDENT | A bill that aims to expand social security coverage by making contributions to the National Social Security Fund (NSSF) mandatory for all workers in the formal sector has been presented to parliament for its first reading. Minister of State for Youth and Children Affairs Florence …
Read More »Money Talk Symposium
NSSF, experts tell members to save beyond the 5% they remit monthly Kampala, Uganda | JULIUS BUSINGE | Do you spend less and invest more of your income a head of your retirement? Will you have enough monetary resources upon retirement? Will there be any impact upon taking your …
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