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.
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.