The 1st respondent denied and averred that they were mandated to. Private schemes vs nssf o nssf o established by nssf act cap 222 o mandatory scheme o defined contribution but fixed 5%employee, 10%employer o eligible for all formal employers with 5 employees and above o benefits paid in lumpsum at retirement age o regulated and supervised under the urbra act. Introducing the latest addition to the nssfgo mobile app age and withdrawal benefit claim. According to a statement from nssf, which was released during the members meeting, the funds current asset base of shs 4. Aston kajara, the state minister for finance, on wednesday announced that nssf would pay its members an interest rate of 11.
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. Prepare payroll excel file download payroll template from employer self service resources page convert payroll file to nssf return through payroll converter. Update your current app or download the latest version by following this link to submit and track your claim in the comfort of your home. Uganda s national social security fund nssf is now the biggest fund in east africa, according to the fund, which could make it one of the most soughtafter institutions for finance.
Please note that life insurance exemption only applies where the employer is a tax paying entity. It will have two components, a header and a details component. The national social security fund act of 1985 provides for the establishment of a. The national social security fund nssf is national saving scheme mandated by government through the national social security fund act, cap 222 laws of uganda to provide social security services to employees in uganda. The nssf act came into place january this year, but proper implementation has been hampered by lack of guiding regulations. Nssf annual report and financial statements for the year ended 30 june 2017. This act applies to years of income commencing on or after 1st july, 1997. The app is simple to use and provides you a convenient, easy and safe way to contact nssf anytime and anywhere. The national social security fund nssf is a national. The national social security fund nssf is a quasigovernment agency responsible for the. This follows handing over of more than 675 housing units by the epco builders, who were the main contractors of the project, to nssf. The national social security fund nssf is a national saving scheme mandated by government through thenational social security act, cap 222 laws of uganda to provide social security services to employees inuganda. Uganda has diligently ratified most of the united nations conventions3.
The nssf is a compulsory saving scheme for privatesector employees between the age of 1635 years, nongovernmental organizations, and government parastatal bodies that are not covered by the government pension scheme. Medical and life insurance provided to an employee. Pdf social security dynamics in uganda researchgate. Byarugaba says of the 916 billion shillings in revenues, the fund is paying 87 percent, about 681 billion shillings in interest to members. Menu home member self service nssf contributions statement member registration member activation existing member ecertification member recertification recover forgottenlost credentials employer self service payroll and payment processing electronic payment order employer preregistration existing. Printed by uppc, entebbe, by order of the government. Uganda electricity alliance workers union v uganda electricity transmission company ltd labour dispute reference no. Labour disputes arbitration and settlement act, 2006, 2006. Private schemes vs nssf o nssf o established by nssf act cap 222 o mandatory scheme o defined contribution but fixed 5%employee, 10%employer o eligible for all formal employers with 5 employees and above o benefits paid in lumpsum at retirement age o regulated and supervised under the urbra act 2011.
Other taxes for which individuals may become liable are national social security fund nssf, local service tax lst and value added tax vat. Nssf signifies national social security fund is a national saving program mandated by the ugandan government for the provision of social security facilities to workers in uganda. National social security fund amendment bill, 2019. Act 17 trademarks act 2010 uganda legal information. The new file will be submitted in the form of a microsoft excel file in the format described in this document.
The fund also welcomes the decision by government to retain nssf as the basic national scheme, entrusted with management of mandatory social security contributions for the entire country. National social security fund welcome to nssf uganda. The national social security fund was established in 1965 through the act of parliament cap 258 of the laws of kenya. Nssf national social security fund paye payasyouearn ubos uganda bureau of statistics. Social security is a constitutional right and a right.
Kampala, uganda the independent a bill that aims to expand social security coverage by making contributions to the national social security fund nssf mandatory for all workers in the formal sector has been presented to parliament for its first reading. National social security fund act 1985 uganda legal. In principle, the fund welcomes and supports the bill. An overview of the recent pension reforms in uganda iflr. Participation for both employers and employees is compulsory. Section 19 provides every employer who, under a contract of service, employs one employee or more shall register with the fund as a contributing employer and shall, register. In this act, unless the context otherwise requires. Minister of state for youth and children affairs florence. Recent policy initiatives including the 2015 national registration of persons act had a drastic effect on birth registration rates in uganda. In 2011, the uganda retirement benefits regulatory authority act was passed to transform the pension system in the country.
Breakthrough attorneys the government introduces a bill for. Introduction on 17 th november 2017 the government of the united republic of tanzania tabled to the parliament legislative proposals for the enactment of the public service social security fund act, 2017 the bill. Trademarks act, 2010, 2010 uganda legal information institute. Nssf chief richard byarugaba gives a brief at a press briefing. Register with national social security fund nssf one stop. An act to amend the national social security fund act, cap. An act to consolidate and amend the law relating to income tax and for other connected purposes. The investment centre first floor, twed plaza plot 22b lumumba avenue, kampala, uganda phone and email toll free. The companys contributions to the defined contribution scheme are charged to profit or loss in the year to which they relate. The organisation and its employees contribute to the national social security fund nssf a statutory defined contribution scheme registered under nssf act. It was established by an act of parliament 1985 to provide for its membership, payment of contributions to, and payment of benefits out of the fund.
Fast and easy login with only phone or email view your nssf estatement enrol for. The registration of every birth within uganda is free and compulsory. The national social security fund nssf is governed by the revised laws of uganda, the national social security fund act cap 222. Act 17 trademarks act 2010 the trademarks act, 2010. Uganda, is presently undergoing landmark reforms in the pensions sector. Email address employer nssf number individual register password. Mps moot bill to amend nssf act the independent uganda. Labour unions act, 2006, 2006 uganda legal information. The national social security fund act, 1997 arrangement of sections section title part i preliminary 1. Under the national social security act of 20, both employed and the self. An act of parliament to establish a national social security fund. The national social security fund act, 1997 section. Public service negotiating, consultative and disputes settlement machinery act.
Act 17 trademarks act 2010 limitation means any limitation of the exclusive right to the use of a trademark given by the registration of a person as owner of the trademark, including limitation of that right as to mode of use, in relation to goods to be sold or otherwise traded in, in any place in uganda, or in relation to goods to be exported to any market outside uganda. Public procurement and disposal of act 11 public assets amendment act 2011. Constitution of the national social security fund, 4. The key reforms are evidenced by the enactment of the uganda retirements benefits regulatory authority act, 2011 the act. The sets of regulations published on friday are yet to be gazetted.
On august, 2019, government tabled the national social security fund nssf amendment bill, 2019. Amendment of the current nssf act started in the 1990s and it was in 2017. An act of parliament to establish a national social security fund, to provide for contributions to and the payment of benefits out of the fund. An act to provide for the establishment of a national social security fund and to provide for its membership, the payment of contributions to, and the payment of benefits out of, the fund and for other purposes connected therewith. The national social security fund nssf is a quasigovernment 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. However, the act has allowed for a transitional period building up to the 6%. On tuesday, the minister of state for children and youth affairs, florence nakiwala kiyingi presented the bill to parliament for its first reading. The main objective of this act is to ensure that all pension scheme and service providers are licensed prior to undertaking any business. Nssf pays higher interest rate new visionuganda news. Nonresident persons working in uganda as employees for more than 3 years are required to make standard contributions to the. National social security fund nssf remains particularly for services to the employees in the private sector. The nssf act, 20 provides for a mandatory registration of an employer with the fund.
In february 2009, the president of uganda fired the minister of finance, whose ministry supervises the activities of nssf. This act may be cited as the national social security fund act 2. It allows you to access your estatement and monitor your transactions at nssf. National social security fund amendment bill, 2019 uganda. Unicef reports a jump from a 30 per cent registration rate in 2011 to 70 per cent in 2016 with birth certification rates rising in a similar fashion. In exercise of the powers conferred by section 68 of the national social security. It was established by an act of parliament 1985 to provide for its membership, payment of contributions to, and payment of. The national social security fund was established by the 1985 act of parliament to provide for its. Guide for membersall you need to need to know about nssf servicesa better future.
Enacted by parliament of the united republic of tanzania. Nssf annual report and financial statements for the year ended 30 june 2015. Benefit claim specification please tick the appropriate box for the type of benefit claim you would like to submit 1 age benefit at 55 years 2 withdrawal benefit at 50 years and out of employment. Nssf annual report and financial statements for the year ended 30 june 2016. Nov 23, 2017 national social security fund nssf remains particularly for services to the employees in the private sector.
Trademarks act, 2010, 2010 uganda legal information. Breakthrough attorneys the government introduces a bill. Nssf uganda, under the nssf act and uganda retirement benefits regulatory authority act, is mandated to invest within the east african community. Nonresident persons working in uganda as employees for more than 3 years are required to make standard contributions to the national social security fund. Public procurement and disposal of act 11 public assets. Register with national social security fund nssf one. Jan 20, 2014 the nssf act 20 comes into effect from june 1st 2014 there is a raise in nssf contributions from a maximum of kshs 200 to the new rate of 6%. Jan, 10 2020 the national social security fund nssf has continued to register new members through nssf na marafiki campaign. Mkapa, president 22nd january, 1998 an act to establish the national social security fund and to provide for its constitution, administration and other matters related to the fund. Nssf is pleased to announce the launch of our allnew shot university online education resource presented by experts in retail strategies, marketing, security and technology, regulatory compliance and a host of other relevant topics, shot universitys easyaccess curriculum allows you to take advantage of industryleading educational content when and where its convenient to you. An act to provide for the establishment of a national social security fund and to provide for its membership, the payment of contributions to, and the payment of benefits out of, the fund and for other purposes. Cost of passage to and from uganda in respect to the particular employment to be exercised in uganda.
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