In short
The campaign will use print, radio, television, social media and other online platforms to create awareness on saving for retirement as well as opportunities offered by the Authority.
A nation-wide media campaign to encourage increased saving for old age has today been launched. Code-named ZaabuLife, the campaign is a brainchild of Uganda Retirement Benefits Regulatory Authority (URBRA).
The campaign will use print, radio, television, social media and other online platforms to create awareness on saving for retirement as well as opportunities offered by the Authority.
The Chair of the Board of URBRA, Andrew Kasirye, said the campaign targets workers generally, but young ones in particular.
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Finance Minister Matia Kasaija represented by junior minister for planning, David Bahati, launched the campaign in Kampala with a call on Ugandans to embrace savings for retirement.
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It is estimated that there are 17 million Ugandans employed formally and informally, with the later constituting about 80 percent. Presently, the National Social Security Fund monopolizes mandatory retirement contributions by private sector workers who are formally employed and their employers as well as government agencies.
Civil servants, on retirement, are entitled to pensions paid for by the state.
URBRA has also started licensing retirement savings schemes - 64 of them now - but they are not mandatory like NSSF.
The Chief Executive of URBRA, David Nyakundi Bonyi, assured Ugandans of safety of their savings with schemes licensed by the Authority. He said it is very hard for the savings schemes to collapse because of the rigorous regulatory framework which has been put in place.
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The campaign will use print, radio, television, social media and other online platforms to create awareness on saving for retirement as well as opportunities offered by the Authority.
The Chair of the Board of URBRA, Andrew Kasirye, said the campaign targets workers generally, but young ones in particular.
//Cue in: Most of us …
Cue out: … forget about it.//
Finance Minister Matia Kasaija represented by junior minister for planning, David Bahati, launched the campaign in Kampala with a call on Ugandans to embrace savings for retirement.
//Cue in: Ladies and gentlemen…
Cue out: … professionally supervised.//
It is estimated that there are 17 million Ugandans employed formally and informally, with the later constituting about 80 percent. Presently, the National Social Security Fund monopolizes mandatory retirement contributions by private sector workers who are formally employed and their employers as well as government agencies.
Civil servants, on retirement, are entitled to pensions paid for by the state.
URBRA has also started licensing retirement savings schemes - 64 of them now - but they are not mandatory like NSSF.
The Chief Executive of URBRA, David Nyakundi Bonyi, assured Ugandans of safety of their savings with schemes licensed by the Authority. He said it is very hard for the savings schemes to collapse because of the rigorous regulatory framework which has been put in place.
//Cue in: I have not …
Cue out: … period of time.//
