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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):
The building houses the NSSF offices in Jinja and the remaining space is rented out to qualified businesses and corporations. The mixed use building consists of 1,500 square metres (16,146 sq ft) on four floors, of which 1,200 square metres (12,917 sq ft) are rentable. NSSF will occupy the remaining 300 square metres (3,229 sq ft). [17]
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.
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]
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The Ministry was previously renamed to the Ministry of Industry, Trade and Investment under John Magufuli, seemingly absorbing the investment role previously undertaken by the Prime Minister's Office for Investment and Empowerment.
The NSSF, formerly the National Shooting Sports Foundation, is the gun industry's leading lobbyist. It's on the rise as the NRA's membership declines. The gun lobby has a new leader in D.C ...
Patrick Michael Ayota is a Ugandan accountant and corporate executive, who is the Managing Director of National Social Security Fund of Uganda, effective 18 August 2023.. Between December 2022 and August 2023, he was CEO/Managing Director at NSSF Uganda, in acting cap