The Speaker of Parliament, Rebecca Kadaga has called for an amendment to the National Social Security Fund (NSSF) Act to allow persons access their savings before the age of 50. Kadaga said it is inhuman for Ugandans to make savings which they may never live to enjoy. “The current law says you cannot access […]
Lawyers, Insurance companies, Human Resource Managers, Insurance Brokers and the Actuarial Association of Uganda have opposed a move by Ministry of Finance to withdraw the Pension Reform Retirement Benefits Sector Liberation Bill 2011 from Parliament, saying that the reforms will increase domestic savings and enhance investments. Addressing a press conference this week in Kampala, the managers of […]
The National Social Security Fund (NSSF) has earmarked on a 14.5 billion shillings project to construct 40 housing units in Mbuya, Kampala suburb. The Managing Director National social security Fund Richard Byarugaba says, the money is part of the 480 billion shillings which the fund is set to invest in Real Estate development projects in Uganda. […]
Darkness has befallen again, Ivan Kyayonka is dead. Kyayonka breathed his last at Nairobi Hospital in Kenya on Friday 8th May 2015 where he had been admitted. He has been serving as the board chairman of National Social Security Fund (NSSF). Kyayonka was appointed to this position on 1st June 2012 for a three year’s contract. […]
The select committee of Parliament that investigated allegations on the National Social Security Fund irregularities and allegations of nepotism has tabled a report before parliament pinning top officials in government and NSSF over mismanagement of NSSF. The report implicates the former finance minister Gerald Sendaula, the Board Chairman Ivan Kyayonka, Deputy Executive Director NSSF Geraldine […]
The government is in advanced stages to guarantee a loan of up to 13 billion shillings from the workers funds at the National Social Security Fund (NSSF) to build a new Home for the Uganda national bureau of standards (UNBS) in Bweyogerere a city suburb in Kampala. Officials from the national standards body say the […]
The former Managing Director of National Social Security Fund, David Chandi Jamwa has been found guilty of causing financial loss of 3 billion shillings to NSSF. Jamwa now faces the possibility of a 14 years sentence or fine of 6.7 million shillings or both, but he will be a happier man given that he was […]
The National Social Security Fund (NSSF) has encouraged every employee in Uganda to spy and report every NSSF registered organizations which do not submit funds they collect from their employees. The NSSF managing Director, Richard Byarugaba told reporters at Workers House the NSSF is ready to offer 100, 000 (one hundred thousand shillings0 to whoever […]
The National Social Security Fund has spoken out on the arrest of the former Katikiro of Buganda Mulwanyamuli Ssemwogerere and has denied allegations that the intended arrest of the former Buganda Katikiro is politically instigated and a form of witch hunting Ssemwogerere. Ssemwogerere surprised many Ugandans last month when he publically declared that he has […]
The Former Managing Director of the National Social Security Funds, Prof. Mondo Kagonyera has blamed the failure of NSSF to follow the right procedures in procuring 60 cars worth over 30 billion shillings on the heads of the procurement committee, contracts committee of NSSF who were directly in charge of the purchase of the cars. The […]