We want to do more beyond retirement packages - NSSF

Mr Kasaija (C) speakes during the annual members’ general meeting in Kampala yesterday. PHOTO | courtesy 

What you need to know:

Whereas there have been mixed reactions over the NSSF (Amendments) Bill, 2019, Mr Richard Byarugaba, says they cannot wait for the law to be signed since it gives the Fund a lot of legroom to introduce new products and venture into new areas.

National Social Security Fund (NSSF) has said there is so much it can do with the proposed NSSF (Amendments) Bill, 2019 to expand the Fund in terms of member contributions and income. 
After delivering a 12.15 per cent interest on members’ savings, which was a growth from 10.75 for the period ended June 2020, the Fund yesterday said the proposed amendments will, beyond allowing midterm access, empower NSSF to introduce new benefits and flexibilities to tap into the large informal market.  

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