The National Social Security Fund (NSSF) has set September 24, 2026, as the date for its 14th Annual Members Meeting, where millions of contributors are expected to learn how much interest will be credited to their retirement savings for the financial year ended June 30, 2026.The annual meeting will start at 8:30am and will be held in a hybrid format, giving members the option of attending physically or following the proceedings online.
NSSF Corporation Secretary Agnes Tibayeita Isharaza announced the meeting on behalf of the Board of Directors, saying it will provide an opportunity to account to members on the Fund’s performance and future direction.The biggest moment of the gathering will be the declaration of the annual interest rate by Finance Minister Henry Musasizi. The rate determines the return members receive on their accumulated savings and is therefore one of the most closely anticipated announcements at the annual meeting. NSSF said the rate will apply to standard contributors under Sections 10 and 36 of the NSSF Act, Cap 230.The programme will also feature the Auditor General’s opinion on NSSF’s financial statements, alongside a performance and outlook report from Managing Director Patrick Ayota. Board Chairman Dr David Ogong and the Minister of Gender, Labour and Social Development, Gen Henry Tumukunde, are also expected to deliver statements during the meeting.The meeting comes as NSSF continues to strengthen its financial position, with the Fund reporting substantial growth in recent years.
By the close of the 2024/25 financial year, its assets had increased to Shs26 trillion from Shs22.1 trillion, representing a 17.5 percent rise. The Fund also recorded earnings of Shs3.52 trillion during the year.Member contributions grew by more than 10 percent to Shs2.13 trillion, while benefits paid out increased to Shs1.32 trillion. NSSF also reported improved operational efficiency, with administrative expenses falling to below one percent of total assets, allowing more resources to remain focused on protecting and growing members’ savings.The Fund has continued spreading its investments across government securities, equities and real estate in an effort to balance security and returns.
Its property portfolio includes major developments such as Pension Towers in Kampala, while products such as Smartlife Flexi have expanded opportunities for informal sector workers, Ugandans living abroad and other eligible savers to build additional retirement funds.The latest meeting comes after Finance Minister Musasizi praised NSSF for expanding its asset base to Shs32.8 trillion by June 2026 and urged the Fund to maintain prudent investment practices while supporting Uganda’s wider economic development. For contributors, however, the key question remains the interest rate: on September 24, they will finally know how much their savings earned during the past financial year.
