Breaking

Archive

Nov 20 results
17:09
17:09

Parliament Finally Passes NSSF Bill Allowing Midterm Access workers 1 7

The bill also streamlined the supervision of the 15 trillion shilling fund between the Ministries of Gender and of Finance. The workers, government, and the Gender committee agreed to have the Ministry of Gender supervise the social security aspect, while the Ministry of Finance will be in charge of the finance and investment aspects.
17:57
17:57

Gov’t, Workers Reach Consensus on Dual Management of NSSF Funds midterm access 1 1

Government, workers and the Gender committee Labor and Social Development of Parliament have come to a consensus on the dual management of the National Social Security (NSSF) funds.
11:23
11:23

NOTU Gives Parliament Week's Ultimatum On NSSF Bill workers mps 1 2

Usher Wilson Owere, the NOTU Chairperson, says that they have given parliament an ultimatum of up to November Thursday 18th, 2021 to pass the bill into law to allow workers access their savings, or else they mobilize workers to protest the delay.
19:44
19:44

Delays in Debating NSSF Bill Bothers Workers MP's midterm access 1 2

After the presentation of the Bill, Deputy Speaker Among postponed the debate saying members should first read the report before the debate. Although the matter appeared on the order paper for subsequent days, it never came up for debate until today, when it was listed as business to follow.
07:42
07:42

Gender Committee Approves NSSF Mid-Term Access Parliament 2 1

Parliament’s Gender Labour and Social Development Committee has approved the 20% midterm access for National Social Security Fund (NSSF) savers aged 45 and have saved for 10 years.
14:38
14:38

NSSF Midterm Access: Consensus Reached, But Supervision Remains Contentious Parliament 1 6

Muwanga Kivumbi, the Butambala MP says that allowing the management of the fund to go to Finance would mean finance can easily access this money and this is dangerous looking at the state of indebtedness.
08:06
08:06

Finance Ministry: We Have Adequate Funds for Midterm Access NSSF 1 4 Top story

Appearing before the Gender Committee of Parliament that is considering the issue of midterm access, the minister noted that while there have been concerns that the funds will have to liquidate some of its assets to finance Midterm access their analysis indicates that this will not be the case.
16:52
16:52

PWDs Want 50% NSSF Midterm Access at 40 Parliament 3 1

The bill which had been passed by the 10th parliament allowed persons with disabilities access to 75 per cent of accrued benefits after a year with no job, and granted access to 20 per cent of accrued benefits to the other savers who clock 45 or those who have saved for at least 10 years.
16:54
16:54

Stop Regulator from Taking Our UGX 6 Billion/Year from NSSF, Workers to MPs midterm access 1 7

URBRA which is mandated to regulate and supervise the establishment, management and operation of retirement benefits schemes in Uganda levies a compulsory annual fee paid by NSSF and other retirement benefits schemes of up to 0.0256 % of the Total Asset Value in the statement of financial position.
19:21
19:21

NSSF Confident of Performance of its Investments 5

In 2019, for example, the Fund reported losing 402 billion shillings due to what it called exposure in the regional equity market, especially the Nairobi stock exchange. The MD Richard Byarugaba says that currently the total equity (stocks) investment portfolio earns the Fund 13% per year, which is a commendable rate of return, and therefore should not be changed.
18:12
18:12

Makerere University Sued for Diverting Ugx 4Bn Retirement Benefits NSSF 1

Through their lawyers of Acardia Advocates, the registered trustees now want a declaration that the acts of the university in remitting the contributions to NSSF is in breach of the terms of the Trust Deed.
18:09
18:09

COSASE Tasks KCCA to Recover NSSF Remittance to Staff 1

This is carried in the committee report to parliament following an inquiry prompted by a whistleblower petition to Speaker Rebecca Kadaga dated 20th August, 2019.
09:50
09:50

Case Seeking Mid-Term Access to NSSF Funds Delayed for Another 4 Months Morrison Rwakakamba 1 1

To this effect, Rwakakamba challenged the articles under the NSSF Act which states that a member of the fund shall be entitled to his money at the age of 55, when you get mental disability, emigration issues, survivors’ benefits and once you've ceased to be a member as the only ways of accessing the funds.
20:17
20:17

MPs Split on Proposal to Involve Museveni in NSSF Bill Scrutiny President 3 1

A joint team of members of the gender and finance committees is scrutinizing the NSSF bill, which among others, seeks to make it mandatory for all workers to register and contribute to NSSF, allow for self-employed people to contribute to NSSF and allow midterm access to benefits for voluntary members.
17:49
17:49

1500 Business Write to NSSF to Reschedule Contributions COVID -19 lockdown 1

According to Byarugaba, they have so far 1300 businesses out of the 1500 that applied for exemption after preventing evidence showing that they are grappling with inadequate cash flows.
17:41
17:41

NSSF Will Allow Access to Funds if Parliament Approves - Byarugaba midterm access 1

The Managing Director of the National Social Security Fund (NSSF), Richard Byarugaba has said that they will have no option but to pay the 20 per cent to each saver as long as it is approved by Parliament.
16:11
16:11

Covid-19: Speaker Tasks Joint Committee to Expedite NSSF Bill 1 1 Top story

In her communication to the house, Kadaga noted that she is aware of a number of concerns that have gained prominence due to the Covid-19 pandemic in regard to the savings. A number of people have signed an online petition demanding to access part of their savings.
18:04
18:04

MPs Moot Motion on Savers’ Possible Access to NSSF Savings 4 1

The current legal framework only allows members to access their saving upon clocking 55 or when they suffer from permanent incapacity or emigrate permanently from Uganda. But Nzoghu says that contributors need to access part of their savings as a bailout from the COVID-19 crisis.
20:11
20:11

NSSF Proposes to Manage National Health Insurance Scheme health committee 1 3

The National Social Security Fund (NSSF) has proposed to act as a collection channel for the formal sector contributions of the National Health Insurance scheme that is in offing.
17:15
17:15

Ugandan Companies’ Fear Due Diligence Checks – NSSF 1 3

NSSF is a Shs 10.2trillion fund and there have been suggestions that it could use part of that money to support innovative Ugandan companies. This would mean that when the companies have broken even, the fund can recover its investment
Nov 20 results