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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 National Social Security Fund (NSSF) (also NSSF Uganda), is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and employees ...
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]
Under relevant provisions of the Interim Management Measures on the Investments of the National Social Security Fund, the Interim Management Measures on the Overseas Investments of the National Social Security Fund, the NSSF are permitted to invest in the following products:
The Uganda Retirement Benefits Regulatory Authority (URBRA) is a government-owned, semi-autonomous agency responsible for regulating, licensing, supervising, and controlling the retirement sector in Uganda, the third-largest economy in the East African Community.
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The previous National Hospital Insurance Fund was established in 1966 as a department within the Ministry of Health through the National Health Insurance Act, and remained Kenya's primary authority for management of public health insurance until its abolishment in 2023.
In December 2017, NSSF Kenya, the owners of the owners of the building, evicted Nakumatt from the development, for non-payment of rent, with arrears amounting to KSh73 million (approx. US$730,000). [9] In January 2020, the high rise completion was valued at a total investment of KSh4,095,862,434 (approx. US$41 million), for the 15-storey structure.