Our Parliament 06: Pension Update (English audio-19min)

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Pension Update

The quest to reform the way pensions are managed in Uganda continues in the form of the Retirement Benefits Liberalization Bill currently before Parliament. The Bill that seeks to invite more competitors into a sector dominated by NSSF. The need to reform the pension sector is apparent in a country where its claimed only 1 in 20 workers retire with a pension. Though there is disagreement about how this should be done. A disagreement that influences the protracted debate on the proposed law. On the one hand, those in support of liberalization or increased competition in the pension sector argue that it will give workers choice while those against it see this as a risk to workers savings. With the livelihood of retired and soon to be retired workers and their dependents at stake, is a meeting of minds possible?

Pension Update

 

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