By; Ben Musanje
4th Dec 2018
The National Social Security Fund NSSF has received a new board following expire of the old one in August this year.
The 10 member board has seen a turn back of some officials like the former board chairman Patrick Byabakama Kaberenge and Pius Bigirimana, the PS Ministry of Gender, and the Deputy Secretary to the Treasury, Patrick Ocailap as government representatives.
Others who were re-appointed are; Florence Namatta Mawejje, the General Manager Human Resource at Centenary Bank representing Employers from the Federation of Uganda Employers, Peninnah Tukamwesiga representing workers under Central Organization of Free Trade Unions (COFTU) and NSSF Managing Director, Richard Byarugaba.
New members on the board are; the Deputy Managing Director of Civil Aviation Authority Fred Bamwesigye representing employers and Dr. Isaac Magoola, the head of Department Business Administration at Makerere University Business School representing workers under COFTU.
However, the board is short of two members from the National Organization of Trade Unions-NOTU whose nominees were rejected by the Uganda Retirement Benefits Regulatory Authority (URBRA) for being unfit for the job.
The Minister for Finance, Matia Kasaija inaugurated the 11th (NSSF) board with optimism for the new chairman Kaberenge to steer development in the workers savings scheme.
Kaberenge promised to foster growth in the fund’s balance sheet from the current Shilling 10.5 trillion to Shillings 15 trillion and completion of NSSF’s real estate projects.