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Tag Archives: nssf

Gov’t to capitalize BoU, UDB

Kampala, Uganda | THE INDEPENDENT | Government has allocated 627 Billion Shillings to capitalize seven banks. The banks include Uganda Development Bank (UDB) with 103 billion, Housing Finance Bank 30 billion, Post Bank 4.7 billion, International Development Bank 2 billion, Trade Development Bank 2.5 billion and Africa Development Bank (ADB) …

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Lyomoki gets nod from Parliament on NSSF Amendment Bill

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 …

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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 …

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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 …

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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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