The Nation Social Security Fund (NSSF) has declared a 10.8% interest for all its members for the financial year 2019- 2020 as compared to the 10.11% paid out last year.
The finance Minister Matia Kasaija has this morning announced the new rate during the organization’s eight annual meeting held virtually in Kampala.
“As a result of this remarkable performance, in with the powers conferred upon me, by section 35 part 2 of the NSSF act, I therefore declare an interest of 10.75 % transcend into 1.4 trillion to be paid as interest to the members for the financial year 2019-2020.
So, I congratulate you we will be applied and the resultant sums will be credited the balance outstanding on the members account in accordance with the provisions of our law.”
