Wednesday , May 12 2021
Home / Tag Archives: pension

Tag Archives: pension

LC V chairpersons ask gov’t for pension

Kampala, Uganda | THE INDEPENDENT | Local government LC V chairpersons are asking government to given them pension, claiming that their counter parts in parliament are already enjoying the facility. The leaders argue that they serve more responsibilities and electoral areas compared to members of parliament. They find it unfair that …

Read More »

PAC queries unspent Sh5 billion pension cash in education ministry

Kampala, Uganda | THE INDEPENDENT | Members of the Public Accounts Committee of Parliament have been alarmed by a total of 5.8 billion Shillings meant for payment of pensions in the Education Ministry that was never disbursed to the beneficiaries. The funds were appropriated in the financial year ending June 2019 …

Read More »

Pensions sector prepares for entry of Public Service Scheme

   Retirement benefits sector marks improved efficiency, reduced operational costs Kampala, Uganda | THE INDEPENDENT | The retirements benefits sector is set to get a boost of close to 400,000 new members once the proposed Public Service Pension Scheme starts operating. The Uganda Retirement Benefits Regulatory Authority (URBRA) is optimistic the …

Read More »

Court slashes jail terms for Lwamafa, Kunsa in pension scam

Kampala, Uganda | THE INDEPENDENT | The Court of Appeal has upheld an order requiring three former employees of the Ministry of Public Service to compensate the government upon their conviction in the infamous pension scam. The three Jimmy Lwamafa, the former Permanent Secretary, Commissioner in Charge of Compensation  Stephen …

Read More »

Pension to be largest sector in Uganda

Martin A. Nsubuga was confirmed as the Chief Executive Officer for Uganda Retirement Benefits Regulatory Authority (URBRA) in June 2019. He broadly spoke to The Independent’s Julius Businge about his plan and emerging issues in Uganda’s pension sector. What is it that you have started off with as substantive CEO? …

Read More »

Pension sector assets hit Shs 11.6trillion

Only 14% of the country’s working population has some sort of retirement benefit scheme Kampala, Uganda | JULIUS BUSINGE | Uganda’s pension sector continues to register growth amidst the bickering over the proposed changes to the National Social Security Fund Act. Latest statistics from the industry regulator, Uganda Retirement Benefits …

Read More »

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 …

Read More »

Lawyer Kasango sentenced to 16 years in jail in pension case

Kampala, Uganda | THE INDEPENDENT | The Anti-Corruption Court has sentenced lawyer Bob Kasango (16 years) , former Public Service officials Jimmy Lwamafa (9), Christopher Obey (14) and Stephen Kiwanuka Kunsa (9) in jail for theft of sh15 billion meant for pensioners. Lwamafa is a former Public Service Permanent Secretary, Obey a former …

Read More »