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A majority of NSSF's revenue comes from employee and employer contributions. The program is a compulsory scheme and is financed with a contribution of 20 percent of employees' salaries, with half of that paid by employers and the other half paid by employees. The key trends for NSSF for 2007-2011 are shown below (as at year ending 30 June):
In July, the rate hit its highest level of 2024 — 4.3% — and triggered a closely tracked recession indicator known as the Sahm Rule. Typically, the rule suggests the US economy has entered a ...
National deposit rate on November 18, 2024. Month-over-month change. ... $309 in interest — $300 on your initial deposit and another $9 on the interest reinvested from year one — for a new ...
Analysts in the country said in 2013 that the NSSF had become a leading player in the country's economy. [5] In November 2024, NSSF management introduced a voluntary savings plan called The Smartlife Savings Plan, available to Ugandan citizens, legal non Ugandans and refugees. One has to be at least 16 years of age and authorized to work in Uganda.
On 1 August 2000, the Central Committee of CPC and the State Council decided to establish National Social Security Fund (NSSF), and set up the National Council for Social Security Fund (SSF) for managing and operating the NSSF's assets.
At the conclusion of its eighth and final rate-setting policy meeting of the year on December 18, 2024, the Federal Reserve announced it was lowering the federal funds target interest rate by 25 ...
In 2023, the Fed drove up interest rates to staggering heights -- up to as much as 5.5%, the highest level in more than two decades. Experts: Make These 7 Money Resolutions If You Want To Become ...
The National Social Security Fund was established in 1965 through the Act of Parliament Cap 258 of the Laws of Kenya. It initially operated as a Department of the Ministry of Labour until 1987 when the act was amended, transforming the fund into a state corporation under the management of a board of trustees. [2]