Richard Byarugaba, NSSF Managing Director

The National Social Security Fund (NSSF) has encouraged every employee in Uganda to spy and report every NSSF registered  organizations which do not submit funds they collect from their employees.

The NSSF managing Director, Richard Byarugaba told reporters at Workers House the NSSF is ready to offer 100, 000 (one hundred thousand shillings0 to whoever gives valid information on companies that default on payment of NSSF remittances.

He said a recent NSSF audit had revealed that out of 9000 registered employers, only about 4700 remit their collections to NSSF, currently the only body that collects private sector workers’ social security savings.

The NSSF Act requires every employer to deduct 5& of every employers salary and another 10% to contribute 15% of every worker’s salary as social security saving for each employee.