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Tag Archives: nssf

NSSF sets new date for employer registration

Over 1400 new employers registered since the start of the drive in March Kampala, Uganda | JULIUS BUSINGE | The National Social Security Fund has announced an extension of the mandatory registration for employers to June 30, 2023, following requests from small and medium enterprises. The non-compliant employers will thereafter be …

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Regulators call for pension-type NSSF to protect retirees

Kampala, Uganda | THE INDEPENDENT | Financial industry regulators have called for a review of the pension sector regulations to enable retirees to continue benefiting from the retirement benefits fund even after retirement. Currently, on attaining the required qualifications for receiving the benefits, the savers receive all that is due …

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NSSF put unregistered employers on notice

More than 50,000 employers have been given a 30-day deadline to pay contributions Kampala, Uganda | JULIUS BUSINGE | Uganda’s employers irrespective of the number of workers employed have only 30 days to register with the National Social Security Fund (NSSF) and remit social security contributions for their employees. NSSF acting …

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MPs caution against commercialisation of Pensions Fund

Kampala, Uganda | THE INDEPENDENT | The Committee of Public Service and Local Government has cautioned the Minister of Public Service, Hon. Muruli Mukasa against commercialisation of the Pensions Fund saying this may lead to recurrence of the challenges faced by the National Social Security Fund (NSSF). The minister appeared …

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KCCA faulted for non-remittance of UGX 4.107Bn statutory deductions

Kampala, Uganda | THE INDEPENDENT | The Committee of Commissions, Statutory Authorities, and State Enterprises-COSASE has faulted Kampala Capital City Authority-KCCA for failing to remit the statutory deductions from staff amounting to 4.107 billion Shillings to the National Social Security Fund (NSSF) for the Financial Year 2021/2022. The committee members confirmed …

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Accountants capitalise on NSSF saga to push profession

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund-NSSF saga has made stronger the case for ring-fencing senior financial and accounting positions for licensed accountancy professionals in selected organizations, according to Minister Henry Musasizi. The State Minister for Finance, Planning, and Economic Development says that he supports any punishment …

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