Unclaimed Retirement Benefits account for more than 50% of complaints-URBRA
Unclaimed Retirement Benefits account for more than 50% of complaints-URBRA The main purpose of retirement benefits is to ensure that when individuals step back from active employment, they have an income to keep them going. This may be due to attainment of the prescribed retirement age or any other circumstances such as physical or mental […]
Provision of Retirement Benefits is a key element of labour justice
Provision of Retirement Benefits is a key element of labour justice Saving for retirement is crucial for individuals, employers, and the economy as a whole. A higher savings rate leads to increased capital, resulting in higher GDP per capita and accelerated population growth. Unfortunately, Uganda’s savings rate is one of the lowest in East Africa, […]
The role of Pension Clinics in resolving retirement benefits complaints
The role of Pension Clinics in resolving retirement benefits complaints URBRA’s complaints handling interventions in the Financial Year 2023/24 led to the disbursement of over UGX 275,930,826 in form of retirement benefits to genuine complainants. Complaints Handling is one of the Authority’s key services to the public, provided under the Directorate of Legal Services. According […]
Risk-based supervision system deepens assessment, reduces turnaround time
Risk-based supervision system deepens assessment, reduces turnaround time “It’s amazing that we have moved from discussing a mere idea, to a point where we are sharing experiences of how sector stakeholders are actually using the system. We have come a long way,” Daisy Nabakooza’s face lights up as she speaks of URBRA’s Risk Based Supervision […]
URBRA committed to establishment of Long- Term Saving Scheme for informal sector workers
URBRA committed to establishment of Long- Term Saving Scheme for informal sector workers The URBRA Chief Manager Research and Strategy, Benjamin Mukiibi, has reiterated URBRA’s commitment to establishing a National Long-Term Saving Scheme (NLTSS) to cater to the needs and capabilities of informal sector workers. He was explaining the findings and recommendations of the NLTSS […]
Public Notice on Sente
PUBLIC NOTICE The Uganda Retirement Benefits Regulatory Authority (URBRA) is mandated by virtue of the URBRA Act 2011, to regulate and supervise the establishment, management, and operation of retirement benefits schemes in Uganda; to protect the interests of members and beneficiaries of all schemes; and to license custodians, trustees, administrators and fund managers of retirement […]
Inclusivity and Adequacy agenda; Leave no woman behind
Inclusivity and Adequacy agenda; Leave no woman behind The Uganda Retirement Benefits Regulatory Authority (URBRA) message of sector inclusion, aiming to reach universal coverage of the retirement benefits sector. Zeroing in on the women, URBRA organized a webinar under the theme: “Leave no Woman Behind: Invest in Women to improve Retirement Planning and eradicate old-age […]
Provide retirement savings for your employees to create the dream team
Provide retirement savings for your employees to create the dream team The NSSF Act the NSSF Act, 2022 (As amended) under section 7 (2) states, “Every employer, irrespective of the number of employees, shall register with the fund as a contributing employer and shall make regular contributions for his or her employees in accordance with […]
Utilizing local leadership structures to promote savings for retirement
Utilizing local leadership structures to promote savings for retirement In continuing efforts to sensitize the public about the importance of retirement saving, URBRA engaged technical and political leaders in the Greater Masaka area covering Bukomansimbi, Kalungu, and Masaka City. The engagement was premised on the fact that local government leaders have the advantage of convening […]
PROVISION OF RETIREMENT BENEFITS IS A KEY ELEMENT OF LABOUR JUSTICE
PROVISION OF RETIREMENT BENEFITS IS A KEY ELEMENT OF LABOUR JUSTICE On May 1st, the Uganda Retirement Benefits Regulatory Authority (URBRA) joined all Ugandans to commemorate International Labour Day, reiterating the message that the provision of pension and retirement benefits is a key element of labour justice. This is in line with the theme: Improving […]