{"id":5731,"date":"2025-09-25T17:00:52","date_gmt":"2025-09-25T17:00:52","guid":{"rendered":"https:\/\/govinfohub.go.ug\/?p=5731"},"modified":"2025-09-25T17:02:33","modified_gmt":"2025-09-25T17:02:33","slug":"nssf-declares-13-5-interest-rate-pays-record-ugx-2-79-trillion-to-members","status":"publish","type":"post","link":"https:\/\/govinfohub.go.ug\/index.php\/2025\/09\/25\/nssf-declares-13-5-interest-rate-pays-record-ugx-2-79-trillion-to-members\/","title":{"rendered":"NSSF Declares 13.5% Interest Rate, Pays Record UGX 2.79 Trillion to Members"},"content":{"rendered":"\n<p><strong>By Marvin Ezra Ssenkayi<\/strong><\/p>\n\n\n\n<p>The National Social Security Fund (NSSF) declared an interest rate of 13.5%&nbsp;for the financial year 2024\/25, the highest in five years and a jump from last year\u2019s 11.5%.<\/p>\n\n\n\n<p>The announcement, made by Finance Minister Matia Kasaija during the Fund\u2019s 13th Annual Members\u2019 Meeting in Kampala on Monday, means savers will share UGX 2.79 trillion, the largest payout in the Fund\u2019s 40-year history.<\/p>\n\n\n\n<p>Kasaija praised the NSSF\u2019s performance despite economic headwinds, noting that Assets under Management grew by 17.5%&nbsp;to UGX 26 trillion, while member contributions rose 10.4% to UGX 2.13 trillion. Benefits paid to members also increased from UGX 1.12 trillion to UGX 1.32 trillion.<\/p>\n\n\n\n<p>\u201cFor yet another year, the Auditor General has given the Fund a clean bill of health. This proves the books are accurate and fair,\u201d Kasaija said, challenging the Fund to sustain growth so he can declare an even higher rate next year.<\/p>\n\n\n\n<p>NSSF Managing Director Patrick Ayota attributed the results to \u201cstrategic investments, innovation, and operational efficiency,\u201d highlighting that the Fund now accounts for 11.5% of Uganda\u2019s GDP. He cited investments of UGX 13.7 trillion in government securities, UGX 1.6 trillion in real estate, and UGX 1.45 trillion in local companies.<\/p>\n\n\n\n<p>Ayota also pointed to the success of the Smartlife Flexi Plan, a voluntary savings product launched in late 2024. In just ten months, it has attracted UGX 27 billion from over 33,000 savers, many from the informal sector.<\/p>\n\n\n\n<p>NSSF Board Chairman Dr. David Ogong said the Fund remains committed to its long-term strategy, <em>Vision 2035<\/em>, which aims to grow assets to UGX 50 trillion, expand worker coverage to 50%, and achieve 95% customer satisfaction.<\/p>\n\n\n\n<p>Gender and Labour Minister Betty Amongi welcomed the Fund\u2019s expansion into the informal sector, noting that over 40,000 people have enrolled in voluntary savings within 10 months.<\/p>\n\n\n\n<p>The NSSF has consistently delivered interest rates at least 2% above inflation for over a decade, ensuring the growth and preservation of members\u2019 savings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Marvin Ezra Ssenkayi The National Social Security Fund (NSSF) declared an interest rate of 13.5%&nbsp;for the financial year 2024\/25, the highest in five years and a jump from last year\u2019s 11.5%. The announcement, made by Finance Minister Matia Kasaija during the Fund\u2019s 13th Annual Members\u2019 Meeting in Kampala on Monday, means savers will share [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5732,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,31,5],"tags":[],"class_list":["post-5731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-government","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>NSSF Declares 13.5% Interest Rate, Pays Record UGX 2.79 Trillion to Members - Published By UPPC<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/govinfohub.go.ug\/index.php\/2025\/09\/25\/nssf-declares-13-5-interest-rate-pays-record-ugx-2-79-trillion-to-members\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NSSF Declares 13.5% Interest Rate, Pays Record UGX 2.79 Trillion to Members - Published By UPPC\" \/>\n<meta property=\"og:description\" content=\"By Marvin Ezra Ssenkayi The National Social Security Fund (NSSF) declared an interest rate of 13.5%&nbsp;for the financial year 2024\/25, the highest in five years and a jump from last year\u2019s 11.5%. 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