• 2019 Amnesty Window
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e-statement

Welcome to the NSSF E-statement feature. In our continued effort to serve NSSF members better, we have enhanced the e-statement feature to make it more user-friendly, quicker and easier and to access your e-statement online.



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Welcome to the NSSF pre-registration feature. Please note that only non-registered members are to use this feature.



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Customer query

Welcome to the NSSF customer query feature. In our continued effort to serve NSSF members better, we have enhanced the e-statement feature to make it more user-friendly, quicker and easier and to access your e-statement online.



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YOUR STORY


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General Feedback

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Contributions

The NSSF 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 Act. The NSSF Act requires a registered employer is required to pay contributions to the Fund for his\her employees every month during which he/she pays salaries.

The NSSF Act also provides for voluntary membership for employers with less than 5 employees.

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Investment

NSSF collects members' contributions and invests them judiciously, and pays commensurate benefits to qualifying members. The money collected is maintained on individual member accounts, invested and earns an annual interest depending on our return on investments.

NSSF's Investment Policy provides for clear guidelines on investments. The Board and Management are mandated by the NSSF Act to invest the money on behalf of the NSSF members. Currently, NSSF has various investment interests in real estate, equities, and fixed income. The benefit for the member is that the member is assured of secure retirement.

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Benefits

NSSF administers and pays qualified contributing persons the following benefits;
Age
Invalidity
Survivors
Withdrawal
Exempted Employment
Emigration Grant

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Contact info

  • Plot 1 Pilkington Road,
    Workers House, 14th Floor

  • P.O Box 7140, Kampala, Uganda
  • Email: customerservice@nssfug.org
  • Phone: +256 313-331-755
  • Toll free: 0800 286 773
  • Website: www.nssfug.org

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NSSF seeks to Recover Ushs 160b from defaulters in Amnesty Window

KAMPALA; Monday, February 11, 2019: The National Social Security Fund (NSSF) is seeking to recover over Ushs 160 billion following announcement of a grace period of 3 months for all employers that have not remitted employees’ social security contributions to agree a payment plan.

 

In exchange, the Fund will waive up to 95% of the penalty amount owed, NSSF Managing Director Richard Byarugaba has said.

 

10,839 out of more than 33,270 employers registered with the Fund have not paid NSSF contributions in a period ranging from 2 months up to 7 years thereby denying their employees social security protection.

 

Byarugaba said that although it is the obligation of every employer to pay social security contributions for their employees on a timely basis and the correct amounts, the Fund recognises that for various reasons, some employers may be unable to remit funds on a regular basis. Eventually, they get overwhelmed by the arrears and penalties levied on unremitted funds.

 

“Therefore for the next 90 days, we have declared an Amnesty for all defaulting employers to allow them negotiate payment plans with the Fund.  In turn, I will waive up to 95% of the penalty the defaulting employer is supposed to pay.  This is on condition that such an employer comes forward, commits to clear all the arrears owed in a period to be agreed by signing a Deed of Settlement,” Byarugaba said.

 

Section 14 (2) of the NSSF Act empowers the Managing Director to waive “whole or part of any penalty subject to such conditions as he or she may determine.”

 

He added that using a similar approach, the Fund has already recovered about Ushs 13.7 billion since July 2017 from 380 employers who came forward and signed Deeds of Settlement.

 

Byarugaba said that employers that do not take advantage of the Amnesty window risk court action to recover the arrears, the penalty and interest accrued.

 

“Litigation is our last resort. We prefer to have discussions with employers as per our Relationship Management business model, because we understand that sometimes, businesses face challenges with their cash flows. However, employers that not only categorically default but are also unwilling to agree payment plans with the Fund will be taken to court,” he said.  

 

Information available from the Fund indicates that 174 employers have been arraigned before courts of law and over Ushs 17.8 billion has been recovered in the process.

 

Byarugaba added that beyond paying for their employees’ social security, employers should know that remitting NSSF is good for their business.

 

“Companies that do business with the government, many other government agencies and even in the private sector are required to present clearance certificates confirming that they are NSSF compliant. We also know that employers who pay social security contributions easily attract and retain the best employees. It is therefore a good business decision for employers to pay NSSF contributions,” he said.

 

As at end of December 2018, the Fund was worth Ushs 10.2 trillion up from Ushs 8.7 trillion in December 2017. Monthly average contributions are now at over Ushs 96 billion.

 

Are you an employer seeking amnesty, call us now on;

  • 0313 331500

  • 0313 331557

  • Or your Relationship Manager 

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