Business

Companies To Get Awards At NSSF Annual Members’ Meeting

this http://daisho.ca/wp-content/plugins/wp-hashcash/wp-hashcash.php geneva;”>According to Managing Director Richard Byarugaba, ask the “Best Employer Awards” are aimed at consolidating the employer compliance rate which has improved to over 76 percent as a result of the improved relationship between the Fund and employers.

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“Our relationship management business model has been entrenched. Majority of employers now remit employees’ contributions in a timely manner. Those who were in arrears signed Deeds of Settlement with the Fund and have continued to pay these arrears,” he said.


“We will award the best employers basing on a “360 degrees compliance test” and value of the contributions,” Byarugaba said.


He said that individual employer awards will be in four categories which are most Compliant Employer, Best Employer by value, Best Employer – 360 degrees compliance test and value by branch and Over all Best Employer.


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NSSF currently receives contributions from 10,183 employers. The Fund also has about 1.3 million members (active and non-active contributors).


The awards will be handed out during the Fund’s Annual Members Meeting that will take place on Tuesday at Kampala Serena Hotel.


Under the theme “Transparency and Accountability”, the meeting will bring together NSSF contributors, employers, workers unions’ representatives, government representatives and members of the public.


Byarugaba on Monday said during the meeting, the Fund will update its members, who are shareholders of the Fund, on the status of their Fund, the financial standing, investments and the future direction of the Fund as we position ourselves to be the social security provider of choice in a liberalized environment.


The Auditor General, Mr. John Muwanga, will present the Fund’s audited accounts for the Financial Year 2011/2012 to the members at the meeting.


Minister of Finance, Planning and Economic Development Hon. Maria Kiwanuka will officiate at the awards ceremony. The event will also be streamed live on social media and on NTV.

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