The National Social Security Fund (NSSF) is National Saving Scheme mandated by Government through the National Social Security Fund Act, Cap 222 (Laws of Uganda) to provide social security services to employees in Uganda.

It was established by an Act of Parliament (1985) to provide for its membership, payment of contributions to, and payment of benefits out of the Fund.

Contributions

The NSSF covers all employers who have 5 or more employees between 16 and 55 years of age, with the exception of employees under the Government Pensions Act. The NSSF Act requires a registered employer is required to pay contributions to the Fund for his\her employees every month during which he/she pays salaries. The NSSF Act also provides for voluntary membership for employers with less than 5 employees.

Rate of Contribution

The employer must deduct 5% from the employee's total gross monthly wage and add 10% of the total gross monthly wage making a total contribution of 15% for each employee. The Payment of contributions must be paid by the 15th day of the following month.

Interest Rate

Interest rates are reviewed from time to time by the Minister of Finance, Planning and Economic Development on the advice of the Board and adjusted in line with the actual valuation of the Fund. Interest rate paid to members is basing on the financial performance of the Fund.