The National Social security Fund and Kampala Capital City Authority have launched the second edition of NSSF Hash Seven Hills Run aimed at raising 200 million to renovate Makerere University primary school and Summit Vienna Army primary school in Kampala to create better learning environment.
The run will take place on March 12th and will cover 22 kilometers while traversing seven historical hills in Kampala and these are Kibuli, Old Kampala, Namirembe, Ribaga, Lubiri, Nsambya and Nakasero.
Speaking at the launch, the executive director KCCA has noted that, they still need a lot of funds to effectively improve the infrastructure of the 79 public schools in Kampala
Musisi says by the time was appointed the executive director, infrastructure in Kampala public schools was even worse to an extent that one toilet was serving 100 pupils. “With efforts put in place the situation has changed and one toilet is now serving 50 pupils’’ she added.
Richard Byarugaba, the executive director, NSSF Richard Byarugaba says, this campaign will go far to support education of the underprivileged in the society.
A total of 65 million shillings was collected in the first edition of the run and went to the renovation of Nakivubo settlement primary schools and construction of a water facility at St. Ponsiano Kyamula primary school.
The ongoing whistle-blower campaign by the National Social Security Fund (NSSF) has recovered over Shs1.8 billion .
Last month, the NSSF unveiled a new web-based whistle-blower platform for aggrieved employees to report employers who fail to remit their contributions to the Fund, as required by the law.
The Head Marketing and Communications, Barbra Teddy Arimi, says, up to 90% of the cases received were through the NSSF Whistle-blower platform, hence it is one of the Fund’s most effective tools to increase compliance levels and recover billions of employees’ contributions meant for their retirement.
According to her, more than 25,000 employers are meant to pay NSSF contributions. However, 12,000 of these are not complying and of the 13,000 who are complying, only 8,900 are consistently remitting NSSF contributions for their employees.
A total of 149 cases received over the last 4 months, January recorded the most cases at 55, followed by October (27).
She added that this is a continuous campaign, urging employees to continue being vigilant and speak out to ensure that their employers remit their savings to the Fund.
The National Social Security Fund NSSF has been dragged to the High Court for allegedly refusing to give an incapacitated patient his savings contributions amounting to more than 11 million shillings.
Ofwono Andrews from Tororo district alleges that Mulago hospital declared him unfit to run his normal duties including working after he developed medical complications with his liver in 2015.
Ofwono further alleges that after being declared unfit to work he applied for his accumulated contributions through NSSFs operations manager but they refused to remit his savings, claiming that his not permanently incapacitated.
National social security fund has donated 60 million shillings to renovate two Kampala Capital City Authority schools.
NSSF Executive director Richard Byarugaba handed over the cash that was raised under the Hash runner’s project, to KCCA boss Jenifer Musisi.
She says 55 million shillings will be used to change Asbestos roof at Nakivubo settlement primary school while five million will be used to purchase water tanks for St Ponsiano Primary school in Makindye division.
Civil society organizations are urging Uganda government not to dare and use National Social Security Fund savings to bail out the indebted investors.
According to Julius Kapwepwe, executive director of Uganda debt network, NSSF money does not belong to government and it belongs to individual workers.
He says it is a good strategy for government to bail out private enterprises as long as it’s being done in systematic and policy guided manner.
He says before think about bailout strategy, the government in first should deal in addressing economical structural challenges such as high interest rate that the private enterprises continue to borrow money at.
Among the tycoons that are indebted includes, Hamis Kigundu, Patrick Bitatule, Ephraim Ntaganda, Elly Kaluhanga and others.
The National Social Security Fund (NSSF) has launched a savings campaign dubbed “Friends with Benefits” aimed at educating its members and the general public about a savings culture and better usage of benefits.
The campaign will run as a TV show programme profiling retired workers who invested or used their NSSF benefits to transform their lives, and those of the communities around them.
While addressing journalists at the launch of the campaign at Workers House, Richard Byarugaba, the Managing Director NSSF Uganda, noted that, the campaign aims at showcasing inspiration success stories from members who have received and used their benefits to change their lives, those of their families and even the communities they live in so as to motivate existing and potential members to invest in retirement savings.
Beneficiaries will be required to submit a short, real and compelling story (100 words) on how their lives have been transformed as a result of the benefits they received. In addition, relatives and friends can also share stories of beneficiaries they know whose lives have been transformed because they put their benefits to excellent use.
The Top 20 successful stories will be aired in a compelling TV show where winners will be selected through voting by the public.
The campaign will run for a period of 4 months and the winner will be rewarded with shs30 million in prize money. Participants will submit their stories until June 7, 2016 and these shall be vetted by a selected panel of judges that will be announced at a later date.
The campaign is expected to ignite national conversations about the need for every single Ugandan, regardless of their background or salary level, to save and invest for a better life hence cultivating a savings and investment culture among Ugandans.
The National Social Security Fund has earmarked on construction of a 3.3 billion Uganda shillings commercial modern complex in heart of Jinja Town.
The managing Director NSSF Richard Byarugaba says this is the first project that NSSF is investing outside Kampala. The project is part of the NSSF ongoing program to invest in real estate.
The Four Floor new complex will be constructed with in a period of one and half years starting next month.
The other projects of NSSF include: Mbuya Phase II; 50 high end housing units, Lubowa housing project; 2741 high end units, Pension Towers; 27-story intelligent building and The Off-Taker Housing Project.