By Toni Junior
News: Since the 9th parliament, the National Social Security Fund (NSSF) bill has been hanging in discussions until yesterday when the 10th parliament finally amended it.
People with disabilities (PWDS) can now access 50% of their savings at the age of 45, whereas the rest of the population can only access 20%.
For a long time, the bill generated a lot of problems because most individuals couldn’t get their money when they needed it.
Speak of the 10th parliament Jacob Olunya said “Now I can sleep peacefully, people have been calling me, sending me massage because of this I’m glad it has ended”.
The NSSF 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.
The NSSF Bill that was first passed by the 10th Parliament on 17 February 2021, before it was returned to the House by President Yoweri Museveni, seeks to allow mid-term access of up to 20 per cent to members who have reached the age of 45 years and above and also seeks to streamline the supervision of the Shs15 trillion NSSF Fund.