By Ahura Mujuni Mark

The National Social Security Fund (NSSF) held  its first ever general  members’ meeting at Serena hotel  on Tuesday.

The NSSF stakeholders  meeting  brought  together NSSF employers, workers unions representatives, government representatives and members of the public and NSSF contributers.

Richard Byarugaba, the  NSSF Uganda managing director  updated the  the  members on the status of their Fund, the financial standing, investments and the future direction of the Fund.

Byarugaba said that the  fund  aims at creating transparency  and accountability to its members.He gave an assurance that those who reach retirement age should expect good payment.

Richard Byarugaba the NSSF Managing  Director

Members were also updated on the Lubowa housing project ,where the NSSF director said that good returns are expected from the project .

Byarugaba added that the overall financial performance enabled the Fund to pay 10% interest rate in the last financial year, which translates into Shs 202bn, up from Shs 89bn the previous year.