NSSF pays UGX 5.8b benefits in July

Five beneficiaries received more than UGX 100 million, while the biggest amount paid was UGX 175.3 million. This represents a continuous increment in the amount of money paid out every month, an average of UGX 5.5 billion since last year.

In the last Financial Year 2009/2010, the Fund paid over UGX 66 billion to over 11,000, records from the Fund as at end of June 2010 show.

This represents an average of over UGX 5.5 billion paid by the Fund every month, further attesting to continued improvements in benefits processing and payment and general service delivery.

Claim handling time as also improved, reducing from an average of 84 to 28 working days. The Fund is on target to achieve its target of processing benefits within an average of 2 weeks by the end of year 2012, according to the Corporate Strategic Plan (2007–2012).

NSSF Benefits Payments for Financial Year 2009/2010
 
 
Benefits Paid
(UGX)
Number of Members paid
Jul-09
5,376,000,000
1,137
Aug-09
5,700,000,000
1,029 
Sep-09
5,305,000,000
897
Oct-09
6,725,000,000
1,067
Nov-09
6,963,000,000
1,079
Dec-09
4,409,000,000 
647
Jan-10
4,552,000,000
817
Feb-10
5,919,000,000
947
Mar-10
7,052,000,000
1,125
Apr-10
4,406,000,000
736
May-10
5,198,000,000
838
Jun-10
4,537,000,000
872
Average
5,512,000,000
933
 Total
 66,142,000,000
11,191
 
Click July beneficiaries to view complete list of NSSF members paid for the month of July 2010
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