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Tag Archives: nssf

Reforming Social Security sector

Why it will take more than the positive steps introduced by parliament through the NSSF Bill COMMENT | MORRISON RWAKAKAMBA | After two years of back and forth, legislative rancour, bevy of consultations and a mix of COVID-19 that ripened urgency for workers protections  – and continues to upstage fortunes …

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NSSF Amendment bill passed, sent to President

📌 NSSF amendment bill highlights ✳ To EXPAND social security coverage by providing for mandatory contribution of all workers regardless of the size of the enterprise or number of employees and also allowing voluntary contributions to the Fund ✳ To provide for midterm access to VOLUNTARY contributions ✳ To empower …

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Gov’t seeks more time on NSSF bill

Kampala, Uganda |  THE INDEPENDENT | The government has told Parliament that it needs more time to consult on the National Social Security Fund (NSSF) Amendment Bill 2019 concerning which Ministry should supervise the funds. In September last year MPs disagreed over the clauses relating to midterm access and which Ministry …

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NSSF ready to lend to local governments

Kampala, Uganda |  THE INDEPENDENT |  National Social Security Fund- NSSF wants the laws governing its investments amended to allow the fund to lend money to local governments.  This comes after the local government officials and a UN official called for the empowerment of local governments to negotiate their loans and …

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NSSF interest to savers cannot be taxed – Court

  Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has won a landmark case that has saved workers saving up to 43 billion shillings. Uganda Revenue Authority had written to NSSF seven years ago, informing the agency that the interest paid to members accounts is accepted as an …

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NSSF wins Gold Integrated Financial Reporting Accolade

Kampala, Uganda | Julius Businge | The National Social Security Fund is the overall winner of the Gold Integrated Financial Reporting Award for 2020 organised by the Institute of Certified Public Accountants of Uganda. This was at the 10th Financial Reporting (FiRe) awards ceremony held at Skyz Hotel, Naguru – Kampala …

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