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Mid-term Access Slows Down NSSF Projects

By Shadrach Bethel,

The National Social Security Fund has warned that their investments projects, especially in real estate will slow down from the pace that was exhibited in the previous year, due to the dwindling cash reserves.

The Fund’s cash availability has reportedly been affected by the implementation of the mid-term access to benefits, that started earlier this year.

The Managing Director Richard Byarugaba said that this meant they still had adequate funds to meet all applications but says the Fund no longer has the kind of liquidity it had before the mid-term access that allows the beneficiaries who are 45 years or older and have saved for a total of 120 months, to access their benefits.