President Museveni directs N.S.S.F to stop paying another Government agency to supervise it.

In Summary
  • Government, workers reps agree on NSSF supervisory roles.
  • President Museveni directs N.S.S.F to stop paying another Government agency to supervise it.
H.E Yoweri Kaguta Museveni
Image: courtesy photo

President Yoweri Museveni has  directed the  Uganda Retirement Benefits Regulatory Authority (URBRA) to immediately stop taking money from NSSF.

This after the workers representatives protested the annual payment of Shs 7bn from NSSF to URBRA for supervision of NSSF and yet the Ministry of Finance supervises URBRA.

In a meeting at state house yesterday ,Government agreed with the workers representatives that while the Ministry of Finance appoints and supervises the regulatory body of the NSSF, the Ministry of Gender, Labour and Social development will appoint the board that will constitute workers, employers and government representatives.

This was the final contentious issue between the workers representatives, the Ministry of Gender, Labour and Social Development and the Ministry of Finance, Planning and Economic Development that have delayed the passing of the NSSF bill.