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NSSF Board Endorses Three Percent Interest Rate to Members.
Byline: Ben Okiror
THE National Social Security Fund (NSSF) may pay an interest rate of three percent to the fund's contributors this financial year. Information obtained by Saturday Vision indicates that the new figure, which was agreed upon by the board, has been forwarded to finance minister Syda Bbumba for approval.
According to the NSSF Act, the minister was supposed to declare the interest rate before October 1 in consultation with the fund's board of directors.
Sources said the minister could raise the interest rate, but that would mean the fund operating in deficit.
In August, the board chairman, Vincent Ssekono, said the workers would not …
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