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Jun 7 results
12:46
12:46

Activist Petitions Constitutional Court Over NSSF Monopoly NSSF Fund 1

The petition notes “imposing compulsory registration eligibility, contribution, and restrictions on employers and employees violates rights of contributors and members to free, open and democratic society…”
12:17
12:17

Officials Want NSSF Name Changed nssf money 1 1

The current name, Nsubuga said, is confusing the public to think NSSF must provide benefits beyond retirement. He said in zoom meeting that fund should be given a name that reflects what it is. This position attracted a nod from NSSF managing director Richard Byarugaba who said the fund “was provident fund and not a social security fund.”
11:42
11:42

NSSF Boss Warns of Tough Times if Forced to Pay 20% to Savers richard byarugaba 1

In the letter, which is dated May 5, 2020, Byarugaba says the fund will have to pay at least 2.6trillion to those who might need their pay bto go through covid-19 crisis. This is in addition to the 1.1 trillion that it might need to pay to those who have reached 55 years old, the legal age where one can draw their savings. In total, the fund will need cash totaling Shs 3.7 trillion for this moment. But there is no ready cash to meet this obligation, Byarugaba argued.
15:12
15:12

NSSF Slashes Savers Interest to 11 Per cent richard byarugaba 1 1 Top story

NSSF Managing Director Richard Byarugaba told the annual members meeting today that the conditions they operated in last year were tough especially on the stock exchanges across the region. The fall of stocks meant that NSSF incurred a paper loss of 402 billion Shillings.
12:51
12:51

NSSF Assets Hit UGX 11.3 Trillion richard byarugaba 2 1

NSSF managing director Richard Byarugaba told reporters in Kampala on Tuesday it was due to growth in collections and great year in terms of income earned from government securities and bonds.
07:21
07:21

Court Reinstates NSSF Deputy MD Geraldine Ssali to Office richard byarugaba 1

The reinstatement by Justice Stephen Musota followed her successful application challenging the move by NSSF board that sent her on a forced leave on March 13 to allow investigations into claims of insubordination and failure to follow company rules on her part.
13:46
13:46

Byarugaba Back as NSSF MD nssf md appointment 1 Top story

Richard Byarugaba has been reappointed as Managing Director of the National Social Security Fund (NSSF). Geraldine Ssali, who has been the acting MD, is reappointed as Byarugaba's deputy. Finance Minister Maria Kiwanuka's office made the announcement this morning.
Jun 7 results