Who is eligible to make NSSF contribution?
The NSSF Act requires employers who have 5 or more employees to pay contributions to the fund for his/her employees every month during which he/she pays salaries.
How much is the Employer mandated to contribute?
The employer must deduct 5% from the employees total gross monthly wage and add 10% to the gross monthly wage making a total contribution of 15% for each employee.
PS: Failure on the part of the employer to remit the deductions to the fund within the prescribed time is an offence.
These are the qualifying conditions that one has to meet to apply for their Benefits
Old age benefit
Paid to all contributing members who have reached the retirement age of 55 whether they are still in active employment or not.
It can also be paid to members on attaining the age of 50 years if they have been out of employment for a year.
Paid to a member who has lost his/her earning capacity and has physical or mental incapacity, as verified by the NSSF Doctor.
Claimant must produce certified medical documents from a qualified Medical Doctor as well as prove that he/she has lost the earning capacity.
Paid to the relatives (Spouse, children or dependent parents) of the deceased member who had been contributing to the Fund.
At the time of Death;
That the contributing person has left behind a widow/widower, children or dependent parents.
Paid to contributing members who have been working within the country and are leaving Uganda permanently. It covers both Ugandans and non-Ugandans who have been contributing to the Fund.
Proof that one is leaving the country permanently must be shown for one to qualify
Paid to contributing members who join employment categories that are exempted i.e. have their own social protection schemes that are recognized under the existing law and are exempted from contributing to NSSF; e.g. the Police, Army, Prisons, Civil Service and Government Teaching service employees or members of any scheme who have received exemption from the Ministry in charge of Social Security.