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Tag Archives: nssf

NSSF will need Sh1 trillion for Mid-Term access

  Kampala, Uganda | THE INDEPENDENT | Richard Byarugaba, the Managing Director of National Social Security Fund (NSSF) says the fund will have to set aside Sh1 trillion  if the President assents to the NSSF (Amendment) Bill, 2021. Parliament passed the Bill last month. Among the key provisions in the …

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Parliament passes NSSF bill, okays mid-term access

Kampala, Uganda | THE INDEPENDENT | Parliament has today considered and passed the National Social Security Fund (Amendment) Bill, 2021. The bill that allows 20% mid term access for workers who have saved for over 10 years and have reached the age of 45, now awaits presidential consent. “Today, I …

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NOTU spitting fire over delayed NSSF Bill

Kampala, Uganda | THE INDEPENDENT | The National Organization of Trade Unions (NOTU) has threatened to mobilize workers countrywide to protest the delayed processing of the National Social Security Fund (NSSF) amendment bill. Although the NSSF Bill recently appeared under the business to follow for debate on the order paper, …

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NSSF, Centenary Bank and Stanbic Uganda Holdings sweep 2021 FiRe awards

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund was declared the overall winner of this year’s 2021 Financial Reporting Awards (FiRe) organised by the Institute of Certified Public Accountants of Uganda (ICPA-U). Held on Nov.10 at Skyz Hotel Naguru and via zoom, organisers said the awards aim at promoting and …

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Anti-Corruption Unit, police probe fake titles on NSSF land

Kampala, Uganda | THE INDEPENDENT | The State House Anti-Corruption Unit and the police are investigating a case in which 10 people allegedly acquired by fraudulent means, titles on land at Lubowa owned by the National Social Security Fund-NSSF. It is alleged that in 2019, Muhammad Kityo Lubowa, Moses Bogere, Betty …

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Gender committee approves NSSF midterm access

Kampala, Uganda | THE INDEPENDENT | The Gender, Labour and Social Development Committee of Parliament has approved the 20 percent midterm access for National Social Security Fund (NSSF) savers aged 45, and have saved for 10 years. The NSSF bill which among other things sought to allow for midterm access of …

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MPs resolve to station NSSF supervision under gender ministry

  Kampala, Uganda | THE INDEPENDENT | The Gender committee of Parliament has resolved to revert the management and supervision of the National Social Security Fund (NSSF) to the Ministry of Gender. The fund is a government agency responsible for the collection, investment and distribution of retirement funds from employees who are …

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