Museveni assents to NSSF bill, savers thrown into jubilation. The Senior Presidential Press Unit Secretary Ms Linda Nabusayi Wamboka has confirmed that President Yoweri Kaguta Museveni has assented to the amended National Social Security Fund Bill 2021.
Ms Nabusayi said that by assenting to the bill into law means that workers who have saved for over 10 years and have reached 45 years of age are allowed 20% midterm access to their savings with NSSF.
The NSSF Bill was first passed by the 10th parliament in February last year but it was returned to Parliament by President Museveni to make changes to it and return it to him for consent.
Following its return to Parliament, the Speaker Jacob Oulanyah advised that the bill passed by the 10th parliament can’t have changes made to it by the 11th parliament and consequently, the bill was tabled and debated afresh by parliament before it was passed in November last year.