The 10th parliament passed the NSSF bill allowing for midterm access by savers above 45 years or at least those who have saved for 10 years. However, the president didn’t assent to the bill until the expiry of the 10th parliament.
The Gender, Labour and Social Development Committee is scheduled to start scrutinizing the NSSF Amendment Bill 2021 today. The bill seeks
to provide for midterm access. On September 29th, 2021, the Speaker of Parliament, Jacob Oulanyah gave the Gender committee of
Parliament 10 days to scrutinize the National Social Security fund -NSSF
Amendment Bill 2021.
The 10th parliament
passed the NSSF bill allowing for midterm access by savers
above 45 years or at least those
who have saved for 10 years. However, the president didn’t assent
to the bill until the expiry of the 10th parliament. He returned the
bill to the speaker, saying parliament needs to amend the commencement date of the Act so that it comes into force on the date of its publication in
He also noted that
only people above 45 years old and who have saved for over 10 years
can access 20 per cent of their savings, saying anything else
would be unsustainable for the fund. The president also disagreed with the proposal in the bill to allow Persons living with disabilities
to access up to 75 per cent of their savings.
, the Committee Chairperson and Kyegegwa
Woman MP, says that they couldn’t start scrutinizing the bill
without meeting the Speaker to
seek an extension of time of the time allocated to the committee to scrutinize
the bill. She says that she had to talk to the committee
members to work during recess since
parliament broke off.
She explained that they
started with an in-house meeting on Monday to acquaint members with
the bill and what the 10th Parliament had done in contrast to the President’s concerns. She says that they will not scrutinize the
entire bill, but will only focus on the areas pointed out by the President.
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In a related development, the speaker
has also given the Physical Infrastructure committee more time to
scrutinize the Landlord and Tenant Bill. According to IKI-IKI MP, Robert Kasolo they
intend to meet the Speaker on the details and how to proceed on the