NSSF Rewards Most Compliant Employers in Western Region

The National Social Security Fund (NSSF) has rewarded the most compliant employers in the Western region in recognition of the importance of timely and consistent NSSF contributions payment.

The awards ceremony, which took place at the first Regional Employers Meeting held in Fort Portal, is part of a nationwide initiative to improve employer compliance.

Ten companies in the western region from various sectors such as agriculture, the medical sector, and the financial sector were among those recognised for their adherence to the law.

The winners included Agri Evolve Uganda Ltd, Rwenzori Commodities Ltd, Amos Dairies Ltd, Karoli Lwanga Nyakibale Hospital, Opul Sango Bay Ltd, and Rakai Health Sciences Program. Others are Kabale University, Lyamujungu Co-Operative, Financial Service, The Peace Centre Uganda, and Ibanda Hospital.

The selection for the most compliant companies was based on criteria that include consistency and timeliness of payment of contributions by the 15th of the following month, per the NSSF Act (cap 230).

Geoffrey Sajjabi, the NSSF Chief Commercial Officer, lauded the companies for their consistent compliance with NSSF contributions requirements.

“We are always pleased to recognise employers who prioritise social security for their employees because it is essential in protecting the well-being of their workforce. We believe that every Ugandan deserves to enjoy a better life after retirement and NSSF contributions play a crucial role in securing workers’ financial futures,” Sajjabi said.

He added that the Fund has expanded payment platforms from the expansive branch network distributed across major towns of the country to online and mobile platforms.

“We have also improved the convenience to enable seamless interaction using our platforms as well as self-service. A great example is our whistleblower platform which allows members to report non-compliance by their employers. We encourage all members to make use of these resources to ensure employers fulfill their obligations,” Sajjabi said.

The increased emphasis on compliance is in line with the Fund’s Vision 2035 which focuses on growing the Fund to shs 50 trillion, extending social security coverage to 50% of Uganda’s working population, and 95% customer satisfaction levels by the year 2035.

NSSF currently manages assets worth over shs24.2 trillion invested in fixed income, equities, and real estate assets within the East Africa region.