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ONGOING: The National Social Security Fund (@nssfug) will pay a lower interest rate to its members for the Financial Year 2018/19 on account of a drop in its total income compared to the previous year, Managing Director @rpbyaru says. #NSSFPerfomance19 
.@rpbyaru: While the Fund’s revenue which includes interest, dividend and rental income increased by over 20% to UGX 1.3 trillion, overall income reduced by over UGX 402.8 billion due to a decline in regional equity prices and currencies. #NSSFPerfomance19
.@rpbyaru: ..”the Nairobi Stock Exchange lost 14%, the Uganda local share index shade 10% while Tanzania plummeted by over 21%. The share prices closed below prices registered at end of the previous FY, which impacted the performance of our equity portfolio.” #NSSFPerfomance19
.@rpbyaru: “Futher there was general depreciation of the regional currencies against the Uganda Shilling. Both the Kenya and Tanzania currencies depreciated by 6.1% against the Uganda Shilling.” #NSSFPerfomance19
.@rpbyaru: Since FY 2012/2013, we’ve consistently delivered on that commitment. I’m confident that the Minister will declare a rate that will achieve and even surpass this target. This promise which we started fulfilling in the FY 2012-13 will be maintained. #NSSFPerfomance19
.@rpbyaru: The Fund continues to grow both in value & membership. The Fund”s assets under management increased by 13.1% from UGX 9.9t to UGX 11.3t at end of June 2019, mainly driven by increased contributions & interest income. Contributions increased by 15%. #NSSFPerfomance19
.@rpbyaru: The assets under Management increased by 13.1% from Ugx 9.98 trillion to Ugx 11.3 trillion as at 30th June 2019. & the annual contributions collections increased from Ugx 1.049 trillion to Ugx 1.208 trillion – a 15% growth. #NSSFPerfomance19
