National Social Security Fund (NSSF) Managing Director, Patrick Ayota has announced that the fund disbursed over UGX 122 billion to 7,283 eligible members in the western region during the fiscal year 2022\/23. Ayota explained that this figure represents approximately 16% of the total number of members who received benefits from the Fund in that period.<\/p>\n\n\n\n
Speaking to employers in Mbarara city at Hotel Triangle, Ayota revealed that the total benefits paid to eligible members had seen a marginal increase of 1%, rising from UGX 1.189 trillion in the fiscal year 2021\/22 to UGX 1.199 trillion in 2022\/23. <\/p>\n\n\n\n
He added that these payouts demonstrate the safety of members\u2019 savings with the Fund and their ability to access them when they qualify.<\/p>\n\n\n\n
Ayota also provided information regarding the processing time for these benefits, noting that, on average, they were processed within 11 days. While acknowledging that this turnaround time remains higher than desired due to the new core system and delayed verifications.<\/p>\n\n\n\n
Editor:msserwanga@gmail.com<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":" National Social Security Fund (NSSF) Managing Director, Patrick Ayota has announced that the fund disbursed over UGX 122 billion to<\/p>\n","protected":false},"author":1,"featured_media":10340,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[266],"tags":[],"class_list":["post-10339","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nssf-savings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/10\/ayo.jpg","jetpack-related-posts":[{"id":12835,"url":"https:\/\/prowebinhost.com\/anzu\/nssf-members-excited-about-higher-interest-on-their-savings-as-fund-records-revenue-of-ugx-2-53-trillion\/","url_meta":{"origin":10339,"position":0},"title":"NSSF Members Excited About Higher Interest On Their Savings As Fund Records Revenue of UGX 2.53 Trillion","author":"UgandaUpdate","date":"September 17, 2024","format":false,"excerpt":"The National Social Security Fund (NSSF) has recorded a 15% increase in revenue raising UG,Shs. 2.53 trillion for the financial year ended June 30, 2024. This remarkable revenue generation has excited savers who are now expecting a higher annual return on their savings expected to be announced by the Minister\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/09\/Ayota.webp","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/09\/Ayota.webp 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/09\/Ayota.webp 1.5x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/09\/Ayota.webp 2x"},"classes":[]},{"id":10001,"url":"https:\/\/prowebinhost.com\/anzu\/after-a-protracted-leadership-row-ugandas-nssf-declares-10-interest-for-its-members\/","url_meta":{"origin":10339,"position":1},"title":"After a protracted leadership row, Uganda\u2019s NSSF declares 10% interest for its members","author":"UgandaUpdate","date":"September 26, 2023","format":false,"excerpt":"After a protracted leadership row Uganda\u2019s \u00a0National Social Security Fund (NSSF) has \u00a0declared 10% interest rate for its \u00a0members for the financial year 2022\/23. The 10% payment accounts for \u00a0UG.Shs. 1.591 trillion . The earned interest will be credited on each members account this week . Finance Minister Matia Kasaija,\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/09\/nssf-rate-2023.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/09\/nssf-rate-2023.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/09\/nssf-rate-2023.jpg 1.5x"},"classes":[]},{"id":8032,"url":"https:\/\/prowebinhost.com\/anzu\/nssf-saga-speaker-anita-among-to-name-five-man-select-committee-to-carry-out-investigations\/","url_meta":{"origin":10339,"position":2},"title":"NSSF SAGA : SPEAKER ANITA AMONG TO NAME FIVE MAN SELECT COMMITTEE TO CARRY OUT INVESTIGATIONS","author":"UgandaUpdate","date":"January 19, 2023","format":false,"excerpt":"Speaker A. Among warns NSSf managers , politicians not to raid workers money By Our Parliament Reporter A select committee of\u00a0 five members will be set up on Monday to investigate the leadership mess at NSSF, Speaker Anita Among ruled\u00a0 as\u00a0 she vowed\u00a0 that workers money shall \u00a0be protected at\u2026","rel":"","context":"In "NSSF SAGA: Workers savings"","block_context":{"text":"NSSF SAGA: Workers savings","link":"https:\/\/prowebinhost.com\/anzu\/category\/nssf-saga-workers-savings\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/01\/NSSF-among.jpg","width":350,"height":200,"srcset":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/01\/NSSF-among.jpg 1x, https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2023\/01\/NSSF-among.jpg 1.5x"},"classes":[]},{"id":12980,"url":"https:\/\/prowebinhost.com\/anzu\/assessing-nssfs-performance-a-comprehensive-analysis-for-savers\/","url_meta":{"origin":10339,"position":3},"title":"Assessing NSSF’s Performance: A Comprehensive Analysis for Savers","author":"UgandaUpdate","date":"October 14, 2024","format":false,"excerpt":"By Alex Kakande The National Social Security Fund (NSSF) recently announced an interest rate of 11.5%, prompting savers to evaluate their investment choices. With a history of fluctuating returns, including a notable 15% in 2018 and 12.15% in 2021, understanding the impact of these rates on your savings is more\u2026","rel":"","context":"In "National News"","block_context":{"text":"National News","link":"https:\/\/prowebinhost.com\/anzu\/category\/national-news\/"},"img":{"alt_text":"","src":"https:\/\/prowebinhost.com\/anzu\/wp-content\/uploads\/2024\/10\/download-3.jpg","width":350,"height":200},"classes":[]},{"id":3272,"url":"https:\/\/prowebinhost.com\/anzu\/nssf-earns-over-ugshs-65-bn-from-investment-in-umeme\/","url_meta":{"origin":10339,"position":4},"title":"NSSF EARNS OVER UGSHS.65 BN FROM INVESTMENT IN UMEME","author":"UgandaUpdate","date":"May 18, 2021","format":false,"excerpt":"The National Social Security Fund (NSSF) has earned value from the 373,771,921 shares purchased from the power distributor Umeme Limited the Managing Director, Mr. Richard Byarugaba has said. 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