The National Social Security Fund (NSSF) of Uganda is set for a restructuring, New Vision reports. The overhaul is expected to result in a reduction of staff from over 500 to about 100, leading to outsourcing of most of the fund’s activities.
The revamp is part of the NSSF’s efforts to remain “robust and relevant” when the pension sector is liberalized. After the passing of a regulatory bill, the government is expected to pass the Uganda Retirement Benefits Authority Bill 2011 that will liberalize the pensions sector and set up a new regime of a competitive pensions sector.
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