Rethinking retirement: why employers should move beyond gratuity
Uganda’s retirement benefits sector is undergoing a quiet but significant shift, with employers increasingly moving away from traditional gratuity schemes toward structured, funded retirement arrangements. What was once treated largely as a statutory obligation is now emerging as a strategic tool for attracting talent, improving employee wellbeing and supporting long-term
Income Drawdown Funds as a Sustainable Retirement Solution in Uganda
By Owen Jacob Ebichinji Uganda’s retirement landscape is at a critical turning point. While the country has made notable strides in expanding pension coverage, largely driven by institutions such as the National Social Security Fund (NSSF), the manner in which retirees access their savings remains a growing concern. The dominant
NSSF Gives Employers Two Months to Clear Contribution Arrears
The National Social Security Fund (NSSF) has offered a two-month amnesty for companies that have defaulted on remitting workers’ contributions. The announcement was made by Gerald Paul Kasaato, the Deputy Executive Director of NSSF. During the amnesty period, which runs from March 10 to May 11, 2026, the Fund aims
Museveni Appoints Richard Byarugaba as Presidential Advisor
President Yoweri Museveni has appointed Mr. Richard Byarugaba, the former Managing Director of the National Social Security Fund (NSSF), and Mr. Moses Sabiti, the former Country Director for Trademark Africa in Uganda and South Sudan, as Senior Presidential Advisors in the Exports and Industry Advisory Secretariat. Details to follow.
Pension Funds Unite to Finance Africa’s Growth as Aid Declines
For the first time, pension funds across Africa are joining forces to pool domestic resources toward the continent’s development needs reducing reliance on traditional foreign aid and funding. The initiative, dubbed the “Development Fund for Africa”, will be unveiled at the upcoming “$700 Billion in One Room” All Africa Pensions Summit,
NSSF Declares 13.5% Interest Rate for Savers
Uganda’s National Social Security Fund [NSSF] savers will receive a 13.5 percent interest on their savings for the Financial Year 2024/25, following a declaration made by Finance Minister Matia Kasaija at the Fund’s 13th Annual Members’ Meeting held today. The announcement marks the highest interest rate in five years, reflecting
Airtel Disburses Shs 50.3 Billion in Dividends to NSSF
Airtel Uganda has paid Shs 50.3 billion in dividends to the National Social Security Fund (NSSF), highlighting the strength of the Fund’s investment strategy and its ongoing commitment to delivering returns to its members. In 2023, NSSF invested Shs 199 billion to acquire over 4.21 billion shares in Airtel Uganda
NSSF Smartlife Flexi Surpasses Shs 5 Billion in Savings Within Three Months
NSSF Smartlife Flexi, the flagship voluntary savings product by the National Social Security Fund (NSSF), has surpassed Shs 5 billion in savings just three months after its launch. This milestone has been largely driven by informal sector micro savers. Praised for its flexibility, Smartlife Flexi primarily targets workers in the
