The National Social Security Fund (NSSF) will pay its savers an interest rate of 12.15% for the financial year 2020/21.
This has increased from last year’s 10.75%
Based on the rate declared, a total of shs1.52 trillion will be shared among members, higher than the shs1.14 trillion that was paid to members in the previous financial year.
In his speech at the 9th annual members meeting held on Wednesday, the Minister of Finance, planning and Economic Development Matia Kasaija commended NSSF for the resilience despite the covid-19 pandemic that has left the entire world’s economy on its knees.
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