The Voluntary Contribution Scheme / New contribution structure with choice of Fund I (low risk) or Fund II (medium risk) or a mix.
Grace adds, “And you must wait 12 months after losing the job, plus prove you’re not earning from any other formal job.” The system beeps: Correct . Question 4 “I am the maximum insurable monthly earnings. If you earn more than me, NSSF won’t take contributions on the extra. What cap am I in Ugandan Shillings?”
Mr. Tumwesigye interrupts. “Wait, I thought it was 50?” Ali explains, “From July 2022, you can access 20% of your savings at age 45 if you’ve contributed for at least 10 years.” The screen accepts: 45 . Question 3 “If a worker loses their job through no fault of their own, I can be paid before retirement. But there’s a catch: you must prove I have no other income. What benefit am I?”
Withdrawal benefit due to loss of employment (formerly called “benefit on involuntary termination of employment”).
The NSSF contribution (mandatory 15% of gross pay – 10% employer, 5% employee in Uganda’s classic scheme).
