Olive Nakatudde
15:01

DP Calls For Speedy Pension Reforms

28 Oct 2015, 08:02 1452 Views Kampala, Uganda Lifestyle Report

In short
The Democratic Party has appealed to government to speed up the process of reforming the pension sector, to improve on social protection.

The Democratic Party (DP) appeals to government to speed up reforming Uganda's pension sector.

DP President, Norbert Mao says there are challenges in the pension sector including corruption and inefficiency that must be sorted out. 

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Mao was addressing the media at the DP headquarters on Tuesday.
 
According to Mao, the pension coverage is too limited to achieve the primary objective of social protection, adding that the scheme is underfunded and does not provide timely access to benefits.
  
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Uganda currently has the government pension scheme for public servants handled by the Ministry of Public Service. Employees in the private sector are covered by National Social Security Fund (NSSF), but with limited services offered to savers.
 
This led to calls to liberalize the sector, but the process has not been finalized.

 

Tagged with: democratic party dp president norbert mao pension sector dp calls for reforms in pension sector

About the author

Olive Nakatudde
Olive Nakatudde is a URN journalist based in Kampala. Nakatudde has been a URN staff member since 2013.

Nakatudde started out in journalism in 2009 with Dembe FM radio in Kampala. In 2012, Nakatudde joined Voice of Africa as a political reporter. She has been a photographer since her journalism school days at Makerere University.

Nakatudde is interested in good governance and public policy, which she reports on intensively from the Uganda Parliament. She is a keen follower of cultural affairs in Buganda Kingdom and covers the kingdom's Lukiiko (parliament). Nakatudde also reports on education and health.