NSSF plans to construct houses similar to these.

The National Social Security Fund (NSSF) is set to start piloting its off –taker housing project intended  to provide low cost houses to ordinary Ugandans.

Under this project, NSSF is partnering with private companies to build houses in agreed areas and later sell them to NSSF.

Richard Byarugaba, the NSSF MD.

Speaking to media on Friday, the executive director of the fund, Richard Byarugaba, said that they have so far identified two developers and houses are set to be ready in a space of 10-12 months from now.

He explained that under this pilot phase, they have started with Sonde in Mukono district, Kasangati in Wakiso district and Garuga .The houses are likely to range between 150-200 million, he said.

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The report implicates the former finance minister Gerald Sendaula, the Board Chairman Ivan Kyayonka, Deputy Executive Director NSSF Geraldine Sali, and Former Minister of Finance Maria Mutagamba among others in the mismanagement of the fund.

The Committee recommended that former Finance minister be held responsible for loss of UGX500M spent on recruitment in NSSF whose results were largely ignored.

The report also recommended that NSSF MD Richard Byarugaba, Board chairman Ivan Kyayonka be compelled to refund the loss incurred of 56 Million Shillings of Namirembe Land purchased below cost price.

The report was presented on the floor of parliament by Kiboga Woman MP Anna Maria Nankabirwa a member of the committee.

NSSF currently has a membership of about 1,319,345 although out the total membership, only 578,000 are active.

Every month NSSF receives between UGX 50 and 60 Billions in form of contributions from the members. AS of June 2014, NSSF was worth 4.34 Trillion.

Parliament will discuss report during the week that starts on Sunday 22^nd March 2015.

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The managing director NSSF Richard Byarugaba says over 1000 companies registered.

Byarugaba made the remarks while announcing new innovations for the fund.

He says in the new innovations which have been introduced, customers will be able to access contribution balances using their mobile phones.

He says the new innovation will enable the fund to save over 50 million shillings, which the institution has been spending, on the service each year.

He says the introduction of the new services is intended to encourage transparency, adding that customers will also be able to use face book to interact with the institution by giving suggestions to the institution.

Ultimate Media

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Richard Byarugaba, NSSF Managing Director

NSSF management announced today that the move is intended to improve service delivery to the Fund members across the country.

The Managing Director NSSSF Richard Byarugaba says that that NSSF members will SMS THE word NSSF to 6773 and after which they will receive a personal identification number (PIN).

Byarugaba says the fund has also set up a call centre with a toll free line 0800286773 for the members while are inquiring for anything from the NSSF.

He said that with the launched services, the NSSF members will save time and money which they would have spent going to the NSSF offices to get their NSSF statements.

Byarugaba says the new initiative will save the NSSF about  50 million shillings spent to give members  their saving statements.

Ultimate Media

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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.

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