Ali cracks his knuckles. “Let’s go.” “I am taken from your monthly pay, but you never touch me. I grow in silence. Your employer must send me by the 15th. What am I?”
The NSSF contribution (mandatory 15% of gross pay – 10% employer, 5% employee in Uganda’s classic scheme). nssf quiz questions and answers
Ali’s finger hovers. “That’s the Voluntary Savings… no… the Choice of Fund under the NSSF Amendment Act 2021.” The screen pauses. Then— ACCESS GRANTED . The lockdown stops. Ali cracks his knuckles
UGX 6,000,000 per month (as per the NSSF Act, contributions are computed on a maximum of UGX 6 million). Your employer must send me by the 15th
Withdrawal benefit due to loss of employment (formerly called “benefit on involuntary termination of employment”).
The Voluntary Contribution Scheme / New contribution structure with choice of Fund I (low risk) or Fund II (medium risk) or a mix.
Mr. Tumwesigye interrupts. “Wait, I thought it was 50?” Ali explains, “From July 2022, you can access 20% of your savings at age 45 if you’ve contributed for at least 10 years.” The screen accepts: 45 . Question 3 “If a worker loses their job through no fault of their own, I can be paid before retirement. But there’s a catch: you must prove I have no other income. What benefit am I?”