Tag Archives: Savings

📌 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 | 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 …

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 …

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 …

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 …

Kampala, Uganda | THE INDEPENDENT | An activist has petitioned the Constitutional court to declare that a compulsory requirement that employees must register and save their retirement money with only the National Social Security Fund (NSSF) is illegal and limits people’s freedom of choice and democracy. The petition is filed by …

Kampala, Uganda | THE INDEPENDENT | Members of the Uganda Police Exodus SACCO will be able to withdraw their savings, within two months, after the reorganization of the scheme, according to the Uganda Police Force. The Police Exodus Cooperative Savings and Credit Society, with a share capital of 20 billion …

Kampala, Uganda | THE INDEPENDENT |  The National Social Security Fund (NSSF) has said that the government should consider leaving the taxation issue out of new NSSF bill, 2019, because of the anxiety it sparked among the savers. The government had suggested that workers who wish to withdraw their savings at …

Kampala, Uganda | THE INDEPENDENT | The National Social Security Fund -NSSF, Managing Director, Richard Byarugaba says the proposed amendments to the NSSF Act, 1985 will among other things increase coverage, enhance savings, facilitate innovations and increase saver’s benefits and therefore a solution to old age poverty. Byarugaba defended the …

Kampala, Uganda | THE INDEPENDENT | After consulting a good number of its members, the National Social Security Fund has put in place a benefits payment plan that will allow qualifying members to retain part of their savings with the Fund at the point of exit so as to avoid misappropriation …