NSSF Uganda Archives – Page 5 of 5

MPs approve 20% access to NSSF Savings; NSSF Bill to be passed after July

Preliminary reports from Parliament, indicate that MPs on the Gender, Labour and Social Development and the Finance, Planning and Economic Development committees have agreed to a revision in the current NSSF Amendment

May 22, 2020

The Big Story

NSSF Managing Director, Richard Byarugaba

RICHARD BYARUGABA’S LETTER TO NSSF MEMBERS: NSSF supports mid-term benefits to members

Dear Esteemed Member, The global outbreak of COVID-19 has disrupted all economies around the world. The rapid spread of the virus has posed massive health, economic and social challenges to everyone. In

May 18, 2020

The Big Story

Geraldine Ssali is a former Managing Director of NSSF. She holds an MBA (Finance & Financial Professionals) from Manchester Business School Worldwide, University of Manchester) and a M.Sc. (Maths, Economics and Statistics) from Makerere University. She also holds a Bachelor of Science (Mathematics, Economics and Statistics) also from Makerere University. She is a Chartered Global Management Accountant (CGMA) and Chartered Institute of Management Accountants (CIMA) fellow

GERALDINE SSALI: NSSF should stop trying to save East Africa when the real owners of the money are crying for help

Good afternoon Sir. Yesterday you asked for my opinion on the letter NSSF wrote to the Minister with regards to the Covid-19 relief for its members: Paying of 20% of each member’s

May 15, 2020

The Big Story·Thought Leadership

The NSSF’s digitization agenda was a core focus in the Fund’s 10-year strategic plan ushered in by Richard Byarugaba in 2015, which sought to transform NSSF into a “social security provider of choice” and a “relevant partner through continuous innovation in social security.” The plan, among others, targeted to automate at least 75% of the Fund’s business processes automated by 2019/20 and 80% by 2024/25, up from 55% in 2014/15. PHOTO/Courtesy.

EDITORIAL: Enough of NSSF fearmongering over Covid-19 payout and time for more practical alternatives

Fearmongering or scaremongering is the deliberate act of spreading frightening and exaggerated information with an intention of arousing public fear or alarm about a particular issue. Those who engage in fearmongering, often

May 12, 2020

The Big Story·Thought Leadership

COVID-19: To pay or not to pay NSSF members their savings; what do the experts say?

“When you are faced by a prospect of famine, your first impulse should not be to go after the only planting seeds you have kept in your granary for the next planting

April 7, 2020

The Big Story

COVID-19: NSSF extends 3-months amnesty as 33% of employers fail to remit February contributions

The National Social Security Fund has today 31st March 2020, announced measures to allow businesses/employers facing economic distress to reschedule their NSSF contributions for the next three months without accumulating a penalty.

March 31, 2020

Company News·The Big Story

NSSF’s 5-day countrywide blood drive starts; Blood Bank makes appeal to end blood shortage

Ugandans have been urged to join the NSSF National Blood Donation Drive taking place across the country to prevent a shortage during the school holidays. “Uganda’s healthcare system, uses about 1,500 units

January 13, 2020

Company News

NSSF Managing Director, Richard Byarugaba- Kwame Ejalu agrees with NSSF that while Covid-19 presents a unique situation that needs to be looked into, the integrity of long term savings such as pensions needs to be maintained.

RICHARD BYARUGABA- the man who restored the “Security” in the National Social Security Fund of Uganda

For argument’s sake one can always dismiss Richard Byarugaba’s performance at National Social Security Fund (NSSF)- afterall the employers have no choice but to contribute; it is a statutory obligation. But that

December 2, 2019

Banking & Financial Services·C-Suite Leadership·The Big Story

PEOPLE, MONEY & POWER: Uganda’s 45 Most Powerful and Influential People in Banking, 2019

The total assets of Uganda’s financial services industry reached UGX.45.81 trillion, or 44.3 percent of Uganda’s GDP, as at end December 2018. The banking sector, dominated 69% of these assets, followed by

November 17, 2019

The Big Story

NSSF Managing Director Patrick Byarugaba (left) and Deputy Managing Director Patrick Ayota address the media last year. The Fund's management has warned that due to Covid-19 related economic stress, last year's double digit interest rates may not be sustained.

OPINION: My own layman’s understanding of NSSF’s 2018/19 results and why I still have faith in my NSSF

For every organisation/company, there are 2 sources of revenue/income. There is the mainstream revenue/income that comes from that particular company’s main business such as gross turnover for Fast Moving Consumer Goods Companies

September 23, 2019

Banking & Financial Services

NSSF Uganda- Page 5

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