Early access to savings disrupts NSSF plans

Richard Byarugaba, managing director of National Social Security Fund Uganda.

Richard Byarugaba, managing director of National Social Security Fund Uganda. PHOTO | FILE

Accessing contributions from Uganda’s National Social Security Fund before retirement age has disrupted activities of the pension fund.

The pension fund’s books show lower interest rates were declared as NSSF allocated a chunk of its revenues to settle payments to savers.