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Tag Archives: nssf

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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Case seeking mid-term access to NSSF funds delayed for another 4 months

Kampala, Uganda |  THE INDEPENDENT | The Constitutional petition demanding for a 20 percent mid-term access to benefits by contributors to the National Social Security Fund has been adjourned to February 25 2021 for conferencing. The petition which was filed by Morisson Rwakakamba the former Presidential Assistant on Research and Information and …

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Employees of Chinese construction company resolve to return to duty

Kampala, Uganda |  THE INDEPENDENT |  The employees of China State Construction and Engineering Corporation Limited have agreed to resume work following a commitment by their employer to pay their National Social Security Fund-NSSF contributions and wage arrears.  The company was contracted by Kampala Capital City Authority-KCCA to construct Nakawa-Ntinda, John …

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NSSF takes on agency service model to expand reach

Kampala, Uganda |  THE INDEPENDENT |  Contributors to the National Social Security Fund now have more channels through, which to access its services following the launch of the agency system.  NSSF, which has 17 branches across the country has set up temporary outreach centers in an attempt to attract more contributors. …

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NSSF hit by COVID-19

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 …

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