NSSF Bill: Lawmakers okay midterm access

Members of Parliament during the National Social Security Fund (NSSF) Bill session at Parliament yesterday. PHOTO/DAVID LUBOWA

What you need to know:

  • The demand for partial access to the savings gained traction last year following the negative effects of the Covid-19 pandemic to livelihoods.

Members of Parliament yesterday endorsed a provision in the National Social Security Fund (NSSF) (Amendment) Bill, 2021, to grant members aged 45 and above and who have saved for at least a decade, midterm access to 20 percent of their savings.

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