Tag Archives: pension

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 …

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 …

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 …

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 …

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 …

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 …

  Finance Minister Matia Kasaija will soon convene a stakeholders meeting to deliberate on the latest disagreements over liberalizing the pension sector. The disagreements follow the re-tabling of the Uganda Retirement benefits sector liberalization bill 2011 before parliament seeking to end the monopoly of NSSF and allow private players join …

The government has reintroduced the Retirements Benefits Sector Liberalisation Bill 2011 to Parliament amidst protests from Worker’s members of parliament and trade unionists. The Bill is aimed at ending the monopoly of the National Social Security Fund as the savings body for workers. The Fund is now worth Shs6 trillion. …

The Anti-corruption Court has ruled that the three former officials of Ministry of Public Service in the Pensions Scam case are guilty of causing a financial loss to government. Jimmy Lwamafa who was then Permanent Secretary, together with Christopher Obey then Principal Accountant and Stephen Kiwanuka Kunsa then Commissioner Compensation Department, …

Parliament asked to expedite Pension reforms as bosses defend cautious approach to investment Only days after the National Social Security Fund (NSSF) slashed the interest rate paid to members from 13% to 12.3%, the Fund’s top bosses faced their members at their Annual Members Meeting on Oct.12, writes Patrick Kagenda …