let's get the scheme started then when the next election come, vote with your retirement nest in mind.ask yourself if the government is using your money properly.

if the private schemes are doing well why. not nssf?
we need to hold our public institutions accountable instead of whining corruption this corruption that and doing nothing when an opportunity presents itself.

soma hapa

Let me attempt to answer
1. The employees will continue to contribute to the defined contribution. The NSSF bill has set out an opting out option where the employer can show they run a registered scheme with all the rights. However in Ugandan and Tanzania where the rate is high the employers have found it more practical to just pay for the NSSF. Its likely employers will close the current schemes to new members/employees and opt to pay the NSSF only. That means you have to read the employment contract more keenly because pension is part of the bargain.
2. You contribute because that money helps in longterm investments in the country because pension schemes buy treasury bonds, shares and also build houses e.g. NSSF Embakassi. In any event with your contribution at 6% you have 94% of your income to spend at will

If you belong to an existing scheme, you stick with it. Kazungu Kambi was enticing people to abandon other schemes for NSSF with the claim that it is better

King G you make an important point here by connecting the NSSF with the Employment Act and the two instances of service pay and severance pay. I now wonder whether with this raised amount on NSSF contracts will have to provide specifically for the 3 items and if yes then how, but i see the need for clarity.