The appointment early this month of Patrick Ayota as caretaker Managing Director at the National Social Security Fund (NSSF), was supposed to be a temporary measure to allow the board and appointing authority to conclude on either reinstating Richard Byarugaba as head or name a new chief. A decision on the appointment of (the) Fund’s…
The National Social Security Fund has paid out Ushs78.8 billion to 4,417 eligible members to date, UGX 28.8 billion above its weekly target of UGX 50 billion, following mass application of the mid term benefit that started last week. Speaking to media at a press briefing today at Workers House, the NSSF Managing Director Richard…
President Yoweri Museveni has signed into law the the NSSF (Amendment) Bill, 2021, his Senior Press Secretary Lindah Nabusayi has said in a brief statement. A key provision in the NSSF (Amendment) Bill, 2021 will grant members aged 45 and above and who have saved for at least a decade, midterm access to 20% of their savings.…
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 the letter on the same day. “I received the National Social…
A joint team comprising members from the finance and gender committees in parliament has rejected proposed direct lending by the National Social Security Fund (NSSF) to the government. The committee members say that this is intended to avoid abuse of member’s funds and conflict of interest. This is according to the main committee report on…
Credit: Daily Monitor Human Rights activist Morrison Rwakakamba has asked the Constitutional Court to declare sections of the National Social Security Fund (NSSF) Act unconstitutional, saying they violate workers’ right and interest on their savings. “…Section 30 of the NSSF Act Cap 222 that does not make provision for members’ perpetual and non-extinguishable interest and…
Several Ugandans with savings in the National Social Security Fund (NSSF) have vowed to stage protests on Monday July 13th, 2020 across the country, to express their dejection with the Fund for denying them access to their savings during the this Coronavirus (COVID-19) lockdown. Under their umbrella group ‘NSSF Savers Forum Uganda, the savers have…
