Pension assets rise as contributions dip in Uganda

Pension.

Assets held by the Uganda NSSF as at September 2021 stood at $4.4 billion. PHOTO | FILE

The total assets held by Uganda’s pension industry grew by 3.4 percent to $5.17 billion between July and September 2021, amid a drop in contributions and investment incomes.

The current value of local pension assets is less than overall tax revenues collected during financial year 2020/21, at $5.3 billion, according to Uganda Revenue Authority.