Tag Archives: pension

Kampala, Uganda | THE INDEPENDENT | The Ministry of Public Service has said that the many complaints by retired public servants about delayed or denied pension payments turn out to be false. Every year, the total pension amounts payable to retirees increase by several billion shillings as more workers reach …

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 …

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 …

  Kampala, Uganda | THE INDEPENDENT | Today marks the beginning of the 30-day ultimatum provided for by the amended National Social Security Fund (NSSF) Act requiring all employers in the Small and Medium Enterprises and informal sectors to register with the fund or risk penalties for non-compliance. According to …

Paris, France | Xinhua | Over 1 million people in France joined nationwide protests on Thursday, rejecting the government’s proposed pension reform bill that would raise the retirement age from 62 to 64, French ministry of the interior said on Thursday evening. However, France’s largest union, the General Confederation of …

“Not everyone who retires has difficulties with the transition, but those that have not planned are at a greater risk of mental and physical health problems” COMMENT | Lydia Mirembe | “It would be quite disheartening for an employer to find their retired employee living in despicable conditions. Every employer should …

Arua, Uganda | THE INDEPENDENT | Some retired police officers in West Nile sub region are concerned over their unpaid pension arrears by the Uganda Police Authority. According to them, some of their colleagues who retired more than 30 years ago have not received their pensions. The officers who retired from …

Kampala, Uganda | THE INDEPENDENT | Pension sector leaders continue to be divided on how best to manage the savings made by Ugandans for their old age, 10 years after the retirement benefits industry was formalized with specific laws. By January 2022, there were at least 64 schemes licensed by the …

Kampala, Uganda | THE INDEPENDENT | Although the slow verification and random selection of applicants for the NSSF midterm access aims to avoid malpractices for those using the manual applications, it has been identified as the probable cause of delays in the disbursement of the payments. Unlike the online applications, …

URBRA made a total of 16 recommendations, of which 13 were adopted by Parliament and incorporated into the new law COMMENT | MARTIN A. NSUBUGA | The enactment of the NSSF (Amendment) Act 2021, came as a New Year Gift, not only for members of NSSF, but for all who had …