Tag Archives: pensions

   A Blueprint for NSSF’s independence and National growth   COMMENT | Morrison Rwakakamba | The National Social Security Fund’s (NSSF) historic declaration of a 22.53% interest rate—crediting Sh5.44 trillion to member accounts as total assets touched Sh32.8 trillion—should have been a moment of pure institutional pride. Yet, the commanding posture …

  COMMENT | PAUL KYAMBADDE | Retirement is often imagined as a season of rest, reflection, and freedom after decades of hard work. Yet for many people today, it arrives with a knot of anxiety rather than a sigh of relief. The central fear is painfully simple: What if my …

  Kampala, Uganda | THE INDEPENDENT | The High Court has adjudged that the current Board of Directors of the Uganda Retirement Benefits Regulatory Authority (URBRA) chaired by former MP Julius Bigirwa Junjura does not have the technical competence to run the affairs of the agency. The board, mainly comprising …

Kampala, Uganda | THE INDEPENDENT | In a bid to rectify the recurrent challenges in remittances of pensions, gratuity and salaries of public servants, the Ministry of Finance, Planning and Economic Development (MoFPED) has instituted an audit into the payroll. This revelation was made by the Permanent Secretary and Secretary to …

COMMENT | Lydia Mirembe | If Uganda were a civil servant, he or she would be due for retirement this year having attained the mandatory age of 60. For Uganda as a nation, 60 is a very young age. For citizens that inhabit this Pearl of Africa, 60 is when they …

Kampala, Uganda | THE INDEPENDENT | The former Principal Accountant in the Ministry of Public Service Christopher Obey has died. According to the Uganda Prisons Spokesperson Frank Baine, Obey passed away from the Intensive Care Unit at Mulago Hospital where he was rushed on Thursday. “Christopher Obey has gone to …

📌 NSSF amendment bill highlights ✳ To EXPAND social security coverage by providing for mandatory contribution of all workers regardless of the size of the enterprise or number of employees and also allowing voluntary contributions to the Fund ✳ To provide for midterm access to VOLUNTARY contributions ✳ To empower …

Kampala, Uganda | THE INDEPENDENT | Since its establishment in 2011, the Uganda Retirement Benefits Regulatory Authority (URBRA) has overseen the growth of the retirement benefits sector which, as at end of 2019, contributed 10.3% of Uganda’s Gross Domestic Product (GDP). The sector remains vibrant with an average annual growth rate …

❇ Money paid in benefits up by 25% from sh360 billion to sh450 billion ❇ 17% growth in contributions collections from sh1.049 trillion to sh1.208 trillion ❇ Assets under Management up by 13.1% from sh9.98 trillion to sh11.3 trillion Kampala, Uganda | THE INDEPENDENT | National Social Security Fund (NSSF) members should expect …

Reforms spur social security services but still lag behind peers and standards in developed countries, writes Isaac Khisa. Things are changing for the better in the pension sector. Five years ago, the government enacted the Uganda Retirements Benefits Authority Act that created the Uganda Retirement Benefits Regulatory Authority (URBRA). According …