The National Social Security Fund (NSSF) is set to hold its 10th Annual Members' Meeting on Friday 27th September 2019, at the Kampala Serena Hotel in line with its commitment to transparency and accountability to its members, stakeholders, and the general public.
The virtual AMM will convene members of the fund as well as other stakeholders to discuss the annual report and financial statements for the previous year.
During the meeting, members will be appraised of various Fund-related issues including the performance of the Fund's investments during the previous year, a progress report on projects under implementation and in the pipeline, and any other relevant topics.
The event will also be an opportunity for the fund to obtain and respond to feedback and declare the interest rate to be paid to members for the year.
The first AMM was in 2012, so this year marks 10 years of growth, transparency, and innovation by the Fund.
As a testament to the fund's resounding success, assets under management have grown from UGX 2.7 trillion in 2012 when they had their first AMM to 17.2 trillion today. Membership has grown from 1 million members to 2.5 million members. Customer satisfaction has gone up from 45% in 2012 to 86% now. Staff engagement has gone up from 60% in 2012 to 90% now.
In spite of insurmountable odds like COVID-19 and other macro and micro factors, the fund has continued to deliver value for its members by creating and preserving value for them even during times of difficulty.
A competitive interest rate has also been paid every year above the 10-year average inflation rate.
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