Grapevine

More than half of employers on NSSF register are not active

Only 26.2 percent of employers registered with the National Social Security Fund are active, according to the NSSF managing director Patrick Ayota.

The details above mean that the majority of companies and organisations on the Fund’s register, which stands at least 73.8 percent are not remitting employee savings.

In a presentation during the annual members meeting in Kampala yesterday, Mr Ayota said there were various reasons for the high number of inactive employers, noting that some only register with the Fund to obtain certificates for securing contracts. However, he did not provide more details.

“We have about 98,000 employers registered with us, but guess what, only about 26,000 are active with us. There are several reasons why. Somebody just comes to register with us because they need to get that certificate from us so that they can secure a contract. After the contract, they disappear,” he said.

The revelation means that at least 72,000 employers, which is slightly more than three-thirds of the employers on the register are not remitting employee savings.