Group For More Pension Fund Players
Jun 27, 2003
THE Social Sector Transition Group (STG), a body commissioned last year to guide pension sector reform in Uganda, has recommended the creation of two other national operators in the provision of social security services.
By Steven Odeu
and Ricks Kayizi
THE Social Sector Transition Group (STG), a body commissioned last year to guide pension sector reform in Uganda, has recommended the creation of two other national operators in the provision of social security services.
The National Social Security Fund (NSSF) whose monopoly is being broken had lost popularity in the country because people had to wait too long (55 years) to get their benefits.
STG proposed changes for NSSF and further recommended the creation of a mid-term access to benefits.
Onegi Obel, who is both STG and NSSF chairman, while unveiling the new arrangement during the stakeholders consultative workshop for members of parliament at Speke Resort Munyonyo, Wednesday said the new policy would be presented to cabinet next month.
Aloysious K Ssemanda, Co-ordinator STG said that the level of entry would however be restricted to only three players. If opened to many, he warned, the sector would be flooded.
Ends
and Ricks Kayizi
THE Social Sector Transition Group (STG), a body commissioned last year to guide pension sector reform in Uganda, has recommended the creation of two other national operators in the provision of social security services.
The National Social Security Fund (NSSF) whose monopoly is being broken had lost popularity in the country because people had to wait too long (55 years) to get their benefits.
STG proposed changes for NSSF and further recommended the creation of a mid-term access to benefits.
Onegi Obel, who is both STG and NSSF chairman, while unveiling the new arrangement during the stakeholders consultative workshop for members of parliament at Speke Resort Munyonyo, Wednesday said the new policy would be presented to cabinet next month.
Aloysious K Ssemanda, Co-ordinator STG said that the level of entry would however be restricted to only three players. If opened to many, he warned, the sector would be flooded.
Ends