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The National Social Security Fund (NSSF) (also NSSF Uganda ), is a quasi-government agency responsible for the collection, safekeeping, responsible investment, and distribution of retirement funds from employees of the private sector in Uganda who are not covered by the Government Retirement Scheme. Participation for both employers and ...
A majority of NSSF's revenue comes from employee and employer contributions. The program is a compulsory scheme and is financed with a contribution of 20 percent of employees' salaries, with half of that paid by employers and the other half paid by employees. The key trends for NSSF for 2007-2011 are shown below (as at year ending 30 June):
Website. www .nssf .or .ke. The National Social Security Fund is a Kenyan government agency responsible for the collection, safekeeping, responsible investment and distribution of retirement funds of employees in both the formal and informal sectors of the Kenyan Economy. Participation for both employers and employees is compulsory.
The Uganda Retirement Benefits Regulatory Authority (URBRA) is a government-owned, semi-autonomous agency responsible for regulating, licensing, supervising, and controlling the retirement sector in Uganda, the third-largest economy in the East African Community.
If an employer decides to grant rest breaks (e.g., 20 minutes or less), then the breaks must be paid. If an employer decides to grant meal / lunch breaks (e.g., 30 minutes or more), then these ...
Patrick Ayota. Patrick Michael Ayota is a Ugandan accountant and corporate executive, who is the Managing Director of National Social Security Fund of Uganda, effective 18 August 2023. Between December 2022 and August 2023, he was CEO/Managing Director at NSSF Uganda, in acting capacity. His contract as MD/CEO runs until August 2028.
State Employer Number: From the California EDD, “If you operate a business and employ one or more employees, you must register as an employer with the Employment Development Department (EDD ...
On 1 August 2000, the Central Committee of CPC and the State Council decided to establish National Social Security Fund (NSSF), and set up the National Council for Social Security Fund (SSF) for managing and operating the NSSF's assets. NSSF aims to be a solution to the problem of aging and serves as a strategic reserve fund accumulated by the ...