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Tag Archives: Savings

PWDs want 50% NSSF midterm access at 40

Kampala, Uganda | THE INDEPENDENT | The National Council for Disability has proposed an amendment to the National Social Security (NSSF) Bill, 2021, to allow persons with disabilities to access half of their savings at 40. The bill which had been passed by the 10th parliament allowed persons with disabilities access …

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NSSF Bill: President Museveni writes to Speaker Oulanyah

Kampala, Uganda | THE INDEPENDENT | President Yoweri Museveni has formally written to the Speaker of Parliament returning the National Social Security Fund Bill, 2019 with proposals for amendment. Oulanyah revealed the contents of Museveni’s letter dated 26th August, 2021 during the Tuesday plenary sitting saying that he had received …

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Elderly couple in Amuru loses UGX 1.6M to termites

Amuru, Uganda | THE INDEPENDENT | An elderly couple in Amuru district has lost one million six hundred and fifteen thousand shillings after being damaged by termites. Seventy-five-year-old Bicentina Alal and her 80-year-old husband Tito Okema have been saving money in a metallic case for over three years. The couple lives …

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NSSF to release savings to Covid-19 patients

Patients undergoing treatment for COVID-19 at an intensive care unit (ICU) can now partially access their NSSF savings Kampala, Uganda | THE INDEPENDENT | Savers with the National Social Security Fund can now partially access their savings should they be undergoing treatment for COVID-19 at an intensive care unit (ICU). The NSSF says …

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NSSF Amendment bill passed, sent to President

📌 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 …

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NSSF interest to savers cannot be taxed – Court

  Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund has won a landmark case that has saved workers saving up to 43 billion shillings. Uganda Revenue Authority had written to NSSF seven years ago, informing the agency that the interest paid to members accounts is accepted as an …

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Parliament halts decision on NSSF mid-term access to benefits

Kampala, Uganda | THE INDEPENDENT | Parliament has halted its decision on the proposed mid-term access to benefits by contributors to the National Social Security Fund (NSSF) after legislators failed to agree on the group of people and percentage that should be availed. This followed a debate on a joint committee …

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NSSF members can now submit claims via online

Kampala, Uganda | Julius Businge | On Sept.08, the National Social Security Fund executives announced that members who qualify for withdrawal of their savings can now submit and track their claims online and through their internet enabled devices like mobile smart phones. The NSSF Head of Marketing and Communications, Barbra Teddy …

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NSSF, Finance Ministry sabotaging midterm access-Lyomoki

Kampala, Uganda | THE INDEPENDENT | The Workers MP Sam Lyomoki has said there are plans to sabotage the National Social Security (NSSF) amendment Bill 2019 that seeks to allow for midterm access to members savings. The bill among other things proposes for midterm access for savers of 45 years …

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