Business

NSSF Benefits Campaign Attracts Over 200 Entries

The National Social Security Fund (NSSF) “Friends with Benefits” has recorded a positive response, seek http://centreduplateau.qc.ca/wp-includes/template-loader.php with over 220 beneficiaries’ entries so far received, sickness the NSSF Head of Marketing and Communications, Barbra Teddy Arimi, has said.

The retirees “Friends with Benefits” campaign, which is aimed at inculcating a savings culture among Ugandans, was launched on May 30th 2016.

Friends with Benefits is also aimed at showcasing inspirational success stories from members who have received and used their benefits to change their lives, those of their families and even the communities they live in so as to motivate existing and potential members to invest in retirement savings.

“We have so far received over 220 entries from members who have made tremendous investments with their retirement benefits received from the Fund. We are certain their stories will inspire millions of Ugandans who are either saving with NSSF or are yet to start saving with NSSF to register with the Fund in order to ensure a better life,” Arimi said.

She added that the submission for entries closes on June 30th, 2016 and so far its cut throat competition. She said that entries have been received touch on all the six benefits offered by the Fund.

The Fund administers and pays the Age Benefit, Survivors Benefit, Withdrawal Benefit, Exempted Employment, Emigration Grant and Invalidity Benefit.

“Some of the stories are really touching, others are inspirational while others show that it doesn’t matter how much one earns; everybody can make a difference irrespective of their income,” she said.

Investment 

The four-month campaign will run as a TV show programme profiling retired workers who invested or used their NSSF benefits to transform their lives, and those of the communities around them.

“The campaign will spur national conversations about the need for every single Ugandan, regardless of their background or salary level, to save and invest for a better life hence cultivating a savings and investment culture among Ugandans,” Arimi added.

Arimi echoed that the Fund has also improved the time it takes to pay benefits from a high of 120 days five years ago to an average of 8 days this year, with a target to pay within five days, and even less for the age benefit.

According to the current figures from the Fund, 97 per cent of benefits are paid to living members and not their next of kin.

For one to qualify for the Friends with Benefits campaign they must be NSSF members and must submit a short real and compelling story (100 words) on how their lives have been transformed as a result of the benefits they received. In addition, relatives and friends can also share stories of beneficiaries they know whose lives have been transformed because they put their benefits to excellent use.

The best story among the best 20 submissions will earn the beneficiary Shs30 million at a grand finale in November.

NSSF, which now has total assets of Shs6.46trillion, has a total membership of about 1.6 million contributors.

Submit a short real and compelling story of 100 words on how your life has been transformed as a result of the benefits received from NSSF to mystory@nssfug.org . Or seal it in an envelope and drop it at any of the NSSF branches countrywide.


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