Organisational Overview

Organisational Overview

About NSSF

The National Social Security Fund (NSSF) is a provident fund mandated by the Government of Uganda through the National Social Security Fund Act, Cap 222 (Laws of Uganda) as amended. The Fund covers all workers in the private sector regardless of the size of the enterprise or the number of employees. In addition, the Fund receives voluntary contributions from self-employed persons and top-ups on the mandatory contributions.

 

The Ministry of Gender, Labour and Social Development and the Ministry of Finance, Planning and Economic Development are jointly charged with the oversight of the Fund. The Fund is also regulated by the Uganda Retirement Benefits Regulatory Authority (URBRA) following the enactment of the URBRA Act in 2011.

NSSF @ A GLANCE

17
BRANCHES

3
SUB-BRANCHES

27
OUTREACH CENTRES

637
DEDICATED STAFF

2.2M
REGISTERED MEMBERS

36.4K
REGISTERED EMPLOYERS

UGX 1.49Tn
TOTAL CONTRIBUTIONS

UGX 1.77Tn
TOTAL INCOME

1.18%
ADMINISTRATION COST

UGX 17.25Tn
TOTAL ASSET VALUE

UGX 1.19Tn
BENEFITS PAID OUT

12.3 DAYS
BENEFITS TAT

why save with nssf?

We are the biggest institution in the region with centres in all regions of Uganda manned by competent and energetic teams, availing our members with the very best in social security. We continue to be innovative in our products and services, collecting member contributions, investing prudently and paying out benefits at the right time to qualifying beneficiaries in the shortest time possible.

PRODUCTS AND SERVICES

The Fund is a contributory scheme and is funded by contributions from employees and employers.

 

Employees contribute 5% and employers add 10%, of the employee’s gross monthly cash emoluments.

The Fund also receives voluntary contributions from self-employed persons and top-ups on mandatory contributions.

The Fund invests these funds and provides annual returns in the form of interest to its members but also processes prescribed benefits for qualifying members. 

 

Products and services include:

1. CONVENTIONAL BENEFITS PRODUCTS

Paid to all contributing members who have reached the retirement age of 55 whether they are still in active employment or not.

Paid to members on attaining the age of 50 years if they have been out of employment for a year.

Paid to the relatives (spouse, children, or dependent parents) of the deceased member who had been contributing to the Fund.

Paid to a member who has lost his/her earning capacity and has physical or mental incapacity, as verified by the NSSF Doctor.

Paid to members who join employment categories that are exempted, that is, have their social protection schemes that are recognised under the existing law and are exempted from contributing to NSSF; like the Police, Army, Prisons, Civil Service and Government Teaching Service, and employees or members of any scheme which has received an exemption from the Minister in charge of Social Security.

Paid to members who have been working within the country and are leaving Uganda permanently. It covers both Ugandans and non-Ugandans who have been contributing to the Fund.

BENEFITS

2. MIDTERM ACCESS BENEFITS

A member who has made contributions to the Fund is allowed midterm access to his or her benefits accrued from the contributions under the guidelines below:

3. NSSF Voluntary Membership Plan

The NSSF Voluntary Membership Plan provides employers and workers not compelled by the mandatory provisions of the NSSF Act the opportunity to save voluntarily for their retirement.

4. NSSF Diaspora Connect

This is a safe and convenient collections channel through which NSSF Voluntary Members living abroad can seamlessly remit their social security contributions directly to their NSSF accounts from anywhere in the world at any time to save for their retirement.