NSSF introduces the a voluntary membership plan

By Waswa Deo

The National Social Security Fund has unveiled a voluntary membership plan that will provide employees and workers that are not compelled by the mandatory provisions of NSSF Act the opportunity to voluntarily save for their retirement.

The fund has introduced a mobile money platform  through which it will receive voluntary savings.

Speaking at the launch, NSSF Managing director Richard Byarugaba noted that the fund is responding to the need of voluntary saving by many Ugandans as well as enhancing the funds growth strategy in terms of membership and contributions.

He noted that the voluntary saving plan is targeting the potential customer base of close to 2 million workers who do not have any form of social security cover out of about 4 million Ugandans working in formal sector.