NSSF Bill Passed

Parliament has passed the NSSF Bill. In the bill, the workers can now have mid-term access to 20% of their savings.

Addressing the Parliament of Uganda this afternoon, Speaker Jacob Oulanyah was happy to get this out this out of the way due to intense public pressure,

Today, I will breath. I have been getting phone calls and phone calls from the workers of this country. Parliament has delivered on the bill and the workers can now have mid term access of 20% of their savings.

This gives a sigh of relief to many who were stuck as a result of the COVID-19 pandemic that crippled people’s jobs and businesses. There has been a public outcry that NSSF should be able to give part of the savings to the struggling savers to offset their hospital bills and also come back to their fit.