In a wrongful termination suit, a former managing trustee for the national social security fund nssf sought the remedy of reinstatement to duty, or damages in the alternative. These regulations may be cited as the national social security fund, voluntary registration regulations, 2014. The cabinet has approved proposals to amend the national social security fund nssf act that will see those employed in the formal and informal sectors save with the fund. Government to make nssf contribution a mandate for all workers. Uganda registration services bureau plot 5 george street, georgian house, p.
Members of parliament plan to table a bill to amend the national social security fund nssf act of 1985 to allow workers access their savings before the age of 50. Since the advent of colonialism, the country has never had a comprehensive land policy. Nssf, the national social security fund, is a national saving scheme mandated by government through the national social security fund act, to provide social security services to employees in uganda. Lastly, chapter 11 concludes the paper with a summary of key findings. Why additional reforms are necessary for ugandas pension sector.
See nssf act image collectionfrom 2020 you might also be interested in nssf act tanzania and nssf act kenya. Nov 23, 2017 national social security fund nssf remains particularly for services to the employees in the private sector. The national social security fund nssf is a national saving scheme mandated by government through the national social security act, cap 222 laws of uganda to provide social security services. Nssf provides brief fact sheets and background papers on key topics of interest to the firearms and ammunition industry. Jan 02, 20 the 90day consultation period where 100 or more redundancies are proposed reduces to 45 days from 6 april 20. An act to amend the national social security fund act, cap. The new development was announced by minister of gender, labour and social. Part iithe national social security fund 3national social security fund. Actuary means a fellow of the institute of actuaries in england or to the faculty of actuaries in scotland or of the. 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. In compiling this publication, member firms of the pkf network have based their summaries on information current on 1 january 20, while also noting.
The benefit for the member is that the member is assured of secure retirement. This study therefore sought to identify challenges faced in implementing national security strategy by nssf under the new act. Information on the new nssf act 20 and member contributions. 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. Section 7 of the 1985 has been amended to provide for mandatory contribution of all workers regardless of the size of their enterprise. Uganda does not have a nssf registration online,document about nssf registration online,download an entire nssf registration. The speaker of parliament, rebecca kadaga has called for an amendment to the national social security fund nssf act to allow persons access their savings before the age of 50. View notes nssf act no 45 of 20 regulations from acc 2699 at university of nairobi. This act may be cited as the national social security fund act 2. This part shall be read as one with the local authorities pensions fund act, hereinafter referred to as the principal act.
It was established by an act of parliament 1985 to provide for its membership, payment of contributions to, and payment of. Uganda with a sizeable mobile market, and strong growth in 3g and 4g connectivity, uganda is an exciting market in which to explore digital identity solutions at significant scale. The pkf worldwide tax guide 20 wwtg is an annual publication that provides an overview of the taxation and business regulation regimes of the worlds most significant trading countries. National social security fund act 1985 uganda legal.
Building of a standard gauge line to replace the current kenyauganda railway which will be. Breakthrough attorneys the government introduces a bill for. Chapter 10 provides an overview of the future of social security in uganda. In exercise of the powers conferred by section 68 of the national social security. 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%. The state minister for youth and children affairs, florence nakiwala kiyingi tabled the bill. This act shall apply in mainland tanzania inrelation to aperson who is. Box 22, benjamin mkapa pension towers, azikiwe st, dar es salaam,tanzania 255 22 216340019 or 255 75 6140140 255 22 2200037. Cabinet endorses amendments to nssf act eagle online. Uganda region subsaharan africa income category low income population 42,723,9 city covered kampala 116 db rank db score 60. Email address employer nssf number individual register password. Jun 16, 2014 the nssf act 20 comes into effect from june 1st 2014. Mps moot bill to amend nssf act parliament of uganda.
Net earnings for 201220 were uganda shillings 376 billion. Kadaga said it is inhuman for ugandans to make savings which they may never live to enjoy. The national social security fund act, 20 voluntary registration regulations part i preliminary citation application 1. 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. 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.
The national social security fund nssf of tanzania was established by the act of parliament no. 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. Therefore, amending the nssf act to allow contributions from all. The proposed changes that now await parliament approval were passed by during a cabinet sitting on monday at state house entebbe. Trademarks act, 2010, 2010 uganda legal information institute. Nssf pays higher interest rate new visionuganda news. Challenges of implementing the national social security.
The board and management are mandated by the nssf act to invest the money on behalf of the nssf members. Nssf s investment policy provides for clear guidelines on investments. Reporting with the authority of the attorneygeneral. State minister for youth and children affairs, florence nakiwala kiyingi tables nssf amendment bill. Realtime information for payroll employers are required to use realtime information to report payroll deductions before or when they make them, from 6 april 20 unless a different date is agreed. 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. 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. Cabinet agrees to amend nssf act 21st may 2016 charlesmulungi comments9 kampala, uganda the minister of gender, labour and social development, janat mukwaya has said cabinet during its sitting of monday 5th march 2018, approved the proposed principles to amend the national social security fund act cap 222. Actuary means a fellow of the institute of actuaries in england or to the faculty of actuaries in scotland or of the canadian institute of actuaries, or a person holding. Under the national social security act of 20, both employed and the self. Chris baryomunsi, who avers that the amendment will provide the basic social guaranteed benefits. Act 10 building control act 20 the building control act, 20 arrangement of sections part ip reliminary section 1. 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. Legal opinion on the effects of the national social.
Jan 01, 20 nssf, the national social security fund, is a national saving scheme mandated by government through the national social security fund act, to provide social security services to employees in uganda. Minister of state for youth and children affairs florence. The current law says you cannot access your savings until you are 50. Nssf chief richard byarugaba gives a brief at a press briefing. The amendment was drafted by the minister of state for housing dr. For users of wingubox payroll, these changes have been effected automatically for you. I in this act, unless the context otherwise requires. 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%. Govt tables nssf amendment bill the independent uganda.
The registration of every birth within uganda is free and compulsory. Proposed amendments of nssf act have been approved by the cabinet. Documents similar to nssf act nss assessment forms pdf nss nssf kenya nssf nssm nssa skeet nssa nssi nssp nssd nssf uganda nssansca nssc nsslha nssn. Printed by uppc, entebbe, by order of the government. Introduction the new nssf act was passed by parliament, and assented to by the president, thus coming into force on 10 th january, 20. National social security fund nssf remains particularly for services to the employees in the private sector. Nssf is a compulsory scheme providing a wider range of benefits which are based on internationally accepted standards. Accordingly, i appointed ms kpmg, certified public accountants to carry out the audit on my behalf and report to me to enable me report to parliament. Factbased research is the cornerstone of our policy positions. It in effect repealed the earlier act cap 258, laws of kenya, with savings limited to transitional provisions.
The proposal to amend the nssf act particularly arises from the need. However, with the assent of new nssf act 20, in january 2014, there are various challenges faced by the new policy to eradicate poverty amongst all kenyans. There is a raise in nssf contributions from a maximum of kshs 200 to the new rate of 6%. Recent policy initiatives including the 2015 national registration of persons act had a drastic effect on birth registration rates in uganda.
Earlier this week, government through the ministry of gender labour and social development tabled the national social security fund nssf amendment bill 2019 for its first hearing in parliament the bill aims among others, to enable workers in the formal and informal sectors to make voluntary contributions to the fund and in addition, seeks to. 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. Aston kajara, the state minister for finance, on wednesday announced that nssf would pay its members an interest rate of 11. Act 1 uganda communicationsact 20 the uganda communications act, 20. These documents offer the evidence for the industrys positions on the laws and regulations that affect manufacturers, retailers, distributors, ranges. Jan, 10 2020 the national social security fund nssf has continued to register new members through nssf na marafiki campaign. The act currently provides that a member of the fund shall be entitled to benefits if he or she attains the age of 50 years and has retired from regular employment. The principal act is amended by repealing section 2 and substituting foritthe following new section. 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.
The national social security fund was established in 1965 through the act of parliament cap 258 of the laws of kenya. Every employer or owner of an enterpriseestablishment with 8 employees or more under the law on social security schemes for persons defined the provisions of the labor law shall mandatorily register and pay contributions to the national social security fund nssf for both occupational risk and health care schemes and other schemes. The national social security fund nssf has continued to register new members through nssf na marafiki campaign. There are currently ongoing discussions to make several changes in the retirement benefits sector, including amending the nssf act 1985, the pensions act 1994 and. Currently, nssf has various investment interests in real estate, equities, and fixed income. This act may be cited as the national social security fund act, 20. Act 10 building control act 20 uganda national action. National social security fund the parliament of uganda. Nssf covers the following categories of employers and employees. National social security fund nssf ask your government uganda. 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. 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. An act to provide for the grant and regulating of pensions, gratuities and other allowances in respect of the public service of officers under the government of uganda. 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.
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