{"id":58944,"date":"2022-09-27T13:07:36","date_gmt":"2022-09-27T10:07:36","guid":{"rendered":"https:\/\/www.kfm.co.ug\/?p=58944"},"modified":"2022-09-27T13:14:34","modified_gmt":"2022-09-27T10:14:34","slug":"nssf-announces-lowest-interest-payment-of-9-65","status":"publish","type":"post","link":"https:\/\/www.kfm.dembefm.ug\/staging_h\/nssf-announces-lowest-interest-payment-of-9-65\/","title":{"rendered":"NSSF announces lowest interest payment of 9.65%"},"content":{"rendered":"

By Mike Sebalu<\/strong><\/p>\n

The state minister for Finance in charge of general duties, Henry Musaasizi has announced the lowest interest rate of 9.65% for members of the National Social Security Fund (NSSF) for the financial year 2021\/2022.<\/p>\n

The new rate is equivalent to Shs1.38 trillion which is a drop from the 12.15% declared in 2020\/2021.<\/p>\n

The announcement has been made by the minister at the 10th<\/sup> annual members’ meeting held at Kampala Serena Hotel.<\/p>\n

Minister Musasizi has however commended the fund for registering an 11% growth despite shocks caused by the Covid-19 pandemic among other factors.<\/p>\n

According to the NSSF managing director, Richard Byarugaba,\u00a0 the fund balance sheet grew by 11% from Shs15.46 trillion to Shs17.25 trillion.<\/p>\n

He says this growth is consistent with the combined growth in investments driven by contributions and income generated net of benefits paid out.<\/p>\n

\u201cThis year, we have accelerated our real estate projects and fostered our ESG agenda through the Hi-Innovator program. So far we have created over 1300 jobs, 700 entrepreneurs and provided our business advisory services through the financial literacy program.\u201d<\/p>\n

Byarugaba added, \u201ccontributions only grew by 9%, voluntary contributions grew by 5000 new members on the employee side and 1000 on the employer side.\u201d<\/p>\n

Musasizi also praised the fund for implementation of the midterm access program where he said over Shs443 billion has been disbursed in the last one year to over 21700 beneficiaries.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Mike Sebalu The state minister for Finance in charge of general duties, Henry Musaasizi has announced the lowest interest rate of 9.65% for members of the National Social Security Fund (NSSF) for the financial year 2021\/2022. The new rate is equivalent to Shs1.38 trillion which is a drop from the 12.15% declared in 2020\/2021. The announcement has been made by the minister at the 10th annual members’ meeting held at Kampala Serena Hotel. Minister Musasizi has however commended the fund for registering an 11% growth despite shocks caused by the Covid-19 pandemic among other factors. According to the NSSF managing director, Richard Byarugaba,\u00a0 the fund balance sheet grew by 11% from Shs15.46 trillion to Shs17.25 trillion. He says this […]<\/p>\n","protected":false},"author":37,"featured_media":58945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"episode_type":"","audio_file":"","cover_image":"","cover_image_id":"","duration":"","filesize":"","date_recorded":"","explicit":"","block":"","filesize_raw":"","jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"1","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"1","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":""},"jnews_primary_category":{"id":""},"jnews_social_meta":[],"jnews_override_counter":[],"footnotes":""},"categories":[7],"tags":[726],"class_list":["post-58944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-nssf"],"_links":{"self":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/58944"}],"collection":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/users\/37"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/comments?post=58944"}],"version-history":[{"count":0,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/posts\/58944\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media\/58945"}],"wp:attachment":[{"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/media?parent=58944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/categories?post=58944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kfm.dembefm.ug\/staging_h\/wp-json\/wp\/v2\/tags?post=58944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}