
The National Social Security Fund-NSSF Senior Manager Public Relations, Victor Karamagi has challenged employees and employers to comply with the NSSF (amendment) act 2022 and register as contributors to avoid suffering after their retirement or when they become incapacitated.
Karamagi and other NSSF officials including the area manager-Mbarara, Arnold Mpeirwe on Thursday April 27, 2023 visited Lakeside dairy in Ruti Mbarara city to publicize “Now You Can” campaign that was launched by the fund in March this year.
Under the old law, employers with five workers and above were allowed to register with NSSF, but the amendment (assented to and signed into law by President Museveni in January 2022) has cured this and other bottlenecks.
Those eligible to register and enjoy NSSF services under the new law include; the self-employed under voluntary membership/saving, government, registered companies and businesses, partnerships, trustees like SACCOs, governing bodies and managers or sub-contractors under mandatory membership.
The “Now You Can” campaign is part of an extension until 28th June 2023, when NSSF will start applying the law to those eligible people and companies or organizations that are intentionally not complying – with the law stipulating 10% of one’s monthly earnings as a fine.
According to Karamagi,NSSF (founded in 1985) currently has 1.8 million contributors,and targets to enroll 1.2 million new ones and 50,000 employers by 2025.
Mpeirwe, the area manager-Mbarara disclosed that out of UGX1.6 trillion NSSF benefits payout, eligible beneficiaries from western Uganda have received UGX60 billion with Mbarara beneficiaries taking UGX30 billion – as of Thursday April 27,2023,2:46PM.
Nayebare Sylvia, the Human Resource Officer at lakeside dairy confirmed that all their eligible staff are registered with NSSF, and testified that this has enabled the company to win staff loyalty besides other benefits of complying with NSSF act.
NSSF is also undertaking other activities like career expos, financial literacy and others to better its services, with assets worth UGX18 trillion under its management.
To register with NSSF or seek any information, call this toll-free number 0800286773 or click here https://www.nssfug.org/