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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 ...
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 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:
MediaFire is a file hosting, file synchronization, and cloud storage service based in Shenandoah, Texas, United States. Founded in June 2006 by Derek Labian and Tom Langridge, the company provides client software for Microsoft Windows , macOS , Linux , Android , iOS , BlackBerry 10 , and web browsers . [ 1 ]
State Medicaid programs across the country reported Tuesday they had lost access to federal payment portals one day after President Trump announced a freeze on federal grants and aid. By the late ...
NSSF Mbarara Complex, also Mbarara City House, is a building in Mbarara, a city in the Western Region of Uganda. [1]The building is owned by the Uganda National Social Security Fund, the largest pension fund in the countries of the East African Community, with assets of nearly USh10 trillion (approx. US$2.6 billion), as of June 2018.
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