TEAMWORK. INNOVATION. INTEGRITY. EFFICIENCY. CUSTOMER-CENTRIC. NSSF is owned by members like you. With NSSF: A better Life. NSSF Collects for you. You receive 200% from your employer on every 1shs you save with NSSF
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NSSF is owned by members like you
NSSF helps you prepare for a better life
IMPACT OF NSSF ON UGANDA’S ECONOMY
TURNING AROUND NSSF- Achievements over the last 18 months.
Obtained an Unqualified Audit Opinion in the financial statements for the FY2010/2011- last obtained one in 2001
Reduced average Benefits processing time to12 days from 105 days.
Reduced Benefits in queue to below 500 from an average of 3,000.
Increased benefit payout monthly average to 900 from 659 claims.
Increased average monthly Benefits payout amounts to UGX 10Bn from UGX 6.4Bn.
Increased employer compliance to 69% from 40%.
Increased average monthly collections to UGX. 40Bn from 28Bn
Reduced the unposted Members’ contributions to UGX.27.7Bn from UGX. 53BN
Reduced staff headcount to 478 from 638.
Cost Income ratio reduced from 33% to 28%.
Increased average monthly Fixed Income to UGX.18Bn from UGX.9Bn
Introduced electronic service delivery channels .
Improved the corporate governance structures .
Received certificate of merit from ISSA for relationship model, electronic channel and benefit processing.
i) Nakasero- Pension Towers- 27 office storied building,
ii) Lubowa -3,000 housing unit project,
iii) Temangalo- 5,000 housing units.
Your NSSF plays a significant role in Uganda’s economy
NSSF is repositioning itself to be a relevant partner for economic development and a customer centric and efficient organization for its members in the new regulatory environment.
Fixed Income Portfolio- 79.7% (UGX. 1.8Tr)
NSSF is constantly seeking, within the law, for investment opportunities that improve member returns.
Ongoing Initiatives to Improve Returns
www.facebook.com/ NSSF Uganda
On a regular basis, please use these channels to review your statement balances or make inquiries or advise when you notice an error. We will rectify as needed.
Fixed Deposit Investments as at December 2011
Some NSSF Members we have sensitized
Infectious Diseases Research
Rift Valley Railways
Joint Christian Research Council
Lincoln International School
Quality Chemical Industries Ltd
We pledge to continue updating NSSF Members on their Fund