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Tag Archives: pension

Zimbabwe unveils generous Mugabe retirement package

Harare, Zimbabwe | AFP |  Zimbabwe’s ousted president Robert Mugabe will get a residence, a car fleet and private air travel as part of a new government-funded retirement package for former leaders, state media reported Thursday. Mugabe will also be entitled to at least 20 staffers including six personal security …

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Kasango’s Pension case pushed to 20th due to prosecutors’ strike

Kampala, Uganda | GODFREY SSALI | Hearing of the pension case in which 15.4billion shillings was erroneously paid to City Laywer Bob Kasango; by former officials of Ministry of Public Service, including jailed PS Jimmy Lwamafa, Principal Accountant Christopher Obey and Commissioner Compensation Department Steven Kiwanuka Kunsa, has been pushed to …

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Swiss vote against plan to save pensions

Geneva, Switzerland | AFP | Swiss voters rejected on Sunday a divisive pension reform plan that the government proposed to address the needs of an ageing population. The final results showed 52.7 percent of voters said no to changes to the current system which would have raised women’s retirement age by …

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Education ministry gives 693 unvalidated pensioners July 28 deadline

Kampala, Uganda | THE INDEPENDENT |  The Ministry of Education and Sports has given all pensioners who were not validated by Ministry of Public Service up to July 28 to seek its clearance or else they will be deleted from the pension payroll with effect from 1st August. According to a statment from the Permanent Secretary, Ministry …

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Ailing Kunsa re-applies for bail over pension scam jail term

Kampala, Uganda | SSALI GODFREY | Ailing convicted former Commissioner Compensation Department in the Ministry of Public Service, Stephen Kiwanuka Kunsa has re-applied for bail before the Anti-corruption court, saying he cannot handle prison conditions yet he appealed the court’s decision. Through Isabirye and Company Advocates, Kunsa argues that he is …

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Pension funds, insurance companies, key drivers of regional integration

Survey shows regional institutional investor base expanding due to favourable demographics Africa Renewel | JOHN SCHELLHASE | Capital markets, where money from savers is put into long-term investments, can contribute significantly to socio-economic development if they invest in productive projects and enterprises. But small size and market illiquidity can undercut …

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NSSF widens pension coverage with new saving plan

NSSF widens pension coverage with new saving plan  Kampala, Uganda | JULIUS BUSINGE |  The National Social Security Fund has unveiled a voluntary membership plan that will provide employers and workers that are not compelled by the mandatory provisions of the NSSF Act the opportunity to voluntarily save for their retirement Interested …

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State asks pension scum convicts to first pay sh15 billion before bail

Court of Appeal’s Justice Steven Kavuma on Monday sent back three jailed former officials of Ministry of Public Service to Luzira prison until they will be alerted that their ruling on bail is ready. Former Permanent Secretary Jimmy Lwamafa, together with Principal Accountant Christopher Obey and Commissioner Compensation Stephen Kiwanuka Kunsa Monday appeared …

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