Wakiso, Uganda | THE INDEPENDENT | Hundreds of people comprising of retired soldiers and relatives of deceased soldiers have turned up at Wakiso district headquarters for the verification of the authenticity of the documents to ease the payment of pension and gratuity for ex-servicemen. The UPDF First Division Spokesperson, Maj Charles Kabona …
Read More »Save for emergencies, preserve your retirement savings
As we start 2022, it is important for all of us to appreciate the need to save for a rainy day COMMENT | Lydia Mirembe | If the Covid-19 pandemic has taught us any lesson, it is our inability to predict the future with certainty. But while we may not …
Read More »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 …
Read More »Uganda police retires 155 lower rank officers
Kampala, Uganda | THE INDEPENDENT | Uganda Police Force has retired 155 lower rank officers who have clocked 60 years. The freshly retired officers comprise of 30 Inspectors of Police (IPs), 29 Assistant Inspectors of Police (AIPs), 48 Sergeants (SGTs), 27 Corporals (CPLs) and 21 Police Constables (PCs). The Assistant Commissioner in …
Read More »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, …
Read More »It is 12.15% interest rate for NSSF members
✳ Year – Interest 2012 ✅10.00% 2013 ✅11.23% 2014 ✅11.50% 2015 ✅13.00% 2016 ✅12.30% 2017 ✅11.23% 2018 ✅ 15% 2019 ✅ 11% 2020 ✅ 10.75% 2021 ✅ 12.15% NSSF to give out sh1.52 trillion to members Kampala, Uganda | THE INDEPENDENT | Finance Minister Matia Kasaija has announced a 12.15% …
Read More »Museveni appeals to retiring Generals to use pension properly
Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni, who is also the Commander in Chief of the armed forces has called on retiring UPDF senior officers and Generals to use their pension appropriately in order to live a dignified life. Museveni said if the retiring officers squander their pension and go …
Read More »Trustee training launched to enhance professionalism in Uganda’s pensions sector
Kampala, Uganda | THE INDEPENDENT | The Uganda Retirement Benefits Regulatory Authority (URBRA) has partnered with Insurance Training College (ITC) to train Trustees, who are key persons in the proper management of the pensions sector. Unveiled on April 16, the Trustee Training and Certification Programme is intended to enhance professionalism of …
Read More »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 …
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