Kampala, Uganda | THE INDEPENDENT | Members of different retirement schemes will be allowed to use part of their savings as collateral to obtain loans. According to the regulation, members saving in retirement schemes licensed by the Uganda Retirement Benefits Regulatory Authority (URBRA), will be allowed to secure mortgages and …
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 »Aim for financial independence, as you mark Independence Day
As the theme for the national 59th independence says, secure the future through mindset change. You cannot attain financial independence in retirement if you don’t plan and work for it today. COMMENT | Lydia Mirembe | As we celebrate our 59th National Independence anniversary, it is a good time to …
Read More »Kasaija hails retirement benefits sector as it grows to 11.1% of GDP
Uganda’s retirement benefits sector grows from sh15.4 trillion to Sh17 trillion, 11.1% of Gross Domestic Product Kampala, Uganda | THE INDEPENDENT | The Minister of Finance, Planning and Economic Development, Matia Kasaija has lauded the Retirement Benefits Sector as key to Uganda’s economy because of the sector’s ability to mobilise …
Read More »OUT OF TIME: Retired UPDF soldier loses case for sh38million benefits
Kampala, Uganda | THE INDEPENDENT | High Court in Kampala has dismissed an application filed by a retired Uganda People’s Defense Forces-UPDF soldier who sued government demanding pension and gratuity of over sh38 million. Tom Asiu retired soldiers number RA/153458 PTE sued government in 2020 demanding pension of shillings 20 …
Read More »Katuntu regrets announcing early retirement from elective politics
Kampala, Uganda | THE INDEPENDENT | Bugweri County Member of Parliament Abdu Katuntu says he made a mistake to announce his early retirement from politics during his previous term of office. Katuntu declared in 2016 that he would not contest for political office again, because he felt that the four terms he …
Read More »Police officers in Busoga sub-region prepared for retirement
Jinja, Uganda | THE INDEPENDENT | Police officers in Busoga sub region have been advised to prepare themselves for retirement so as to avoid living desperate lives after service. The force’s deputy director of human resource management, Godfrey Musana says that, such initiatives are aimed at guiding officers on how to …
Read More »COMMENT: Improve women’s working conditions to enhance their retirement benefits
COMMENT | MARTIN A NSUBUGA | The International Women’s Day, March 8th, can be traced back to the early 1900s, with women’s movements in different countries leading protests against a wide array of “injustices”. Key among the issues raised back then, were deplorable working conditions for women. Over the years, International …
Read More »Inspectorate of Government moots for retirement scheme
Kampala, Uganda | THE INDEPENDENT | The Inspectorate of Government is mooting a plan to amend the law in a bid to put in place a retirement scheme for its officials. George Bamugemereire, the Deputy Inspector General of Government-IGG made the revelation during a meeting with Speaker of Parliament Rebecca Kadaga …
Read More »114 soldiers documented for retirement from UPDF 3rd division
Wakiso, Uganda | THE INDEPENDENT | The 3rd Division of the Uganda People’s Defense Forces-UPDF has documented 114 officers for retirement late this month. They were documented during the ongoing retirement documentation exercise held at Bumageni Army Primary school in Bugema Mbale district on Sunday. The 20-day exercise undertaken by …
Read More »