How long does it take to get NSSF benefits in Uganda?
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How long does it take to get NSSF benefits in Uganda?
The duration it takes for one to receive their benefits is 10 working days.
Is NSSF a government body?
Initially the fund operated as a government department under the Ministry of Labour but as its membership grew and its operations became complex, the NSSF Act was amended in 1987 to transform it into an autonomous State Corporation.
What is the percentage of NSSF in Uganda?
An individual in employment is obligated to make a contribution of 5% of one’s gross earnings to the national social security fund. An individual who is an employer is also obligated to make contributions to the national social security fund for each employee, amounting to 10% of their gross pay.
Who qualifies for NSSF benefits in Uganda?
Mandatory: The Fund covers all employers who have 5 or more employees between 16 and 55 years of age, with the exception of employees under the Government Pensions scheme. It is the obligation of the employer to remit contributions to the Fund for his/her employees every month.
Can I withdraw my NSSF money before retirement?
However a person will only be required to pay tax on his / her pension if the money is withdrawn from the fund before the member is 60 years of age.
Can I claim my NSSF money?
It is available to all members who qualify for the Age, Withdrawal, Invalidity, Survivors, Emigration Grant and Exempted employment benefits as stated in Section 19 of the NSSF Act 1985,” Arimi said.
Who is the current CEO of NSSF?
Dr. Anthony Omerikwa
CEO/MT Dr. Anthony Omerikwa, NSSF Trustees.
Is NSSF a pension?
The fund is both a pension fund and provident fund.
Who owns NSSF in Uganda?
Peter Kimbowa
National Social Security Fund (Uganda)
| Type | Quasi-government |
|---|---|
| Key people | Peter Kimbowa Chairman Richard Byarugaba Managing Director Patrick Ayota Deputy Managing Director |
| Products | Investments |
| Revenue | Pretax:Sh1.84 trillion (US$524.81 million) (June 2021) |
| Total assets | UGX:15.5 trillion (US$4.406 billion) (June 2021) |
At what age does one get NSSF benefits?
55 years
Members are eligible for this benefit when they attain 55 years and have retired from regular employment. This is a benefit payable to members who have attained the age of 50 years and have retired from formal employment.
How do I check my NSSF balance?
Dial *254# on your smartphone or feature phone to access the following NSSF services without incurring any cost on data or airtime. Through this channel, you can make contributions, check balance, request for a mini statement and benefits claim status. Remember to use your registered phone number to dial the code.
How can I check my NSSF benefits?
Who is the managing trustee of NSSF?
Dr Anthony Omerikwa
NSSF Board of Trustees:
| Chairman – Gen (Rtd.) Dr Julius Karangi, EGH, CBS, DCO, LOM | |
|---|---|
| Trustee – Eng. Peter K. Tum, CBS – PS Labour | Trustee – Dr. Anne Owuor, EBS |
| Trustee – Peter Mweleli, MBS | Trustee – Prof. Marion Mutugi, EBS |
| Trustee – Prof. Dulacha Galgallo Barako (PhD) – Treasury | CEO/MT – Dr Anthony Omerikwa, MBS |
Who is the HR of NSSF?
Carolyn Okul – HR Manager – Nssf | LinkedIn.
How do I get my NSSF money after retirement?
How to apply: Visit your nearest NSSF office with:
- A certified copy of your retirement letter OR certificate of service OR termination letter.
- NSSF Membership Card.
- National Identity Card/ Passport/ Alien ID.
- Bank details for EFT.
Who is the managing director of NSSF?
Richard Byarugaba
Richard Byarugaba is the Managing Director/ CEO of the National Social Security Fund (NSSF), Uganda’s national savings scheme. He was appointed to the position in 2010 and re-appointed in October 2014.
Who is the head of NSSF?
| Richard Byarugaba | |
|---|---|
| Occupation | Business executive |
| Years active | 1983 — present |
| Known for | Business, management |
| Title | Managing director and chief executive officer National Social Security Fund (Uganda) |
Can I withdraw my NSSF money?
Yes, all National Social Security Fund (NSSF) members who qualify for withdrawal of their savings can now submit and track their claims online and through their mobile phones.
Can you check NSSF online?
You can then check NSSF number online through the NSSF self-service portal. You can likewise contact the NSSF help team to retrieve your NSSF number. New NSSF members can have their credential registered on the NSSF new members segment. Input the correct details, if at all the registration is to go through.
