The National Social Security Fund (NSSF) paid out Shs78.8 billion to 4,417 eligible members to date, Shs20.8 billion above its weekly target of Shs50 billion, following mass application of the mid-term benefit that started last week.
Workers who have attained the age of 45years and above and have saved for more than 10years can now have midterm access of up to 20% of their accrued savings after Parliament on Wednesday passed the long awaited National Social Security Fund (Amendment) Bill, 2021.
Press release -- The National Social Security Fund (NSSF) reassures its members and the country that it has funds to mee
Midterm access to savings with
Conflicting information and change in wording regarding the National Social Security (Amendment) bill forced President Yoweri Museveni to push a major decision on the workers' mid-term access to their savings for another two weeks.
The National Social Security Fu
The National Social Security Fund (NSFF) is among government entities whose performance was hit by the economic downturn from the Covid-19 pandemic.
President Museveni has rejected changes in the NSSF Amendment Bill 2019 intended to allow members mid-term access to their savings, saying it would collapse the National Social Security Fund (NSSF).
