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Tag Archives: nssf

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 …

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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 …

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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, …

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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 …

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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 …

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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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NSSF unveils new payment plan

Kampala, Uganda | THE INDEPENDENT | After consulting a good number of its members, the National Social Security Fund has put in place a benefits payment plan that will allow qualifying members to retain part of their savings with the Fund at the point of exit so as to avoid misappropriation …

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ICPAU names NSSF winner of top financial award

Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund (NSSF) was on Nov. 14 declared the overall winner of the 2018 financial reporting awards organised by the Institute of Certified Public Accountants of Uganda (ICPA-U) at Serena Hotel, beating several other participants. The organisers said the Fund won because …

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NSSF courts savers

New strategy of pay-out boosts confidence Kampala, Uganda | ISAAC KHISA | Uganda’s National Social Security Fund (NSSF) seems to be determined to bring more savers to its portfolio, its statistics show. The Fund’s latest Transparency Statement reveals that though it recorded growth in income from Shs788.6bn to Shs1.34trillion, with nearly …

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