NSSF PROBE: For every shilling we spent, we made 9 times more value for our members; management upholds its performance record

The management of the National Social Security Fund (NSSF) has defended its performance track record, insisting that they have delivered value for the members, even amidst claims of mismanagement and running a high-cost operation.  Patrick Ayota, the Ag. Managing Director, last week told Members of the Parliamentary Select Committee investigating the Fund that merely looking at the Fund’s costs of operation without a comparative analysis of the value created as well as a peer review of similar funds in the region would only give an incomplete picture.  “In 2021/2022 our costs were UGX203 billion. In that time, the Fund grew…