The National Social Security Fund (NSSF) has issued guidelines to be followed by savers to access their midterm benefits.
This comes after Gender minister Betty Amongi last Thursday approved the procedures for accessing the midterm benefits in line with the NSSF Amendment Act, 2021, which was assented to by President Museveni in January.
NSSF Managing Director Richard Byarugaba on Monday, 07 March 2022, told journalists that they have started receiving claims virtually and at various branches across the country from eligible savers.
Byarugaba said the claims can be made virtually through their website (www.nssfug.org/midterm) or physically at the 20 NSSF branches across the country.
To access the claims, one must have an NSSF number, passport photo, bank account, phone number and national ID as requirements.
Mr Byarugaba said that those whose benefits are below Shs3 million will be free to receive their cash via MTN mobile money or Airtel money and can apply through the same system.
He however noted that these will also go through the same process of verification, noting that by March 17, 2022, everything will be ready for the first saver to receive their midterm cash.
For those with claims worth more than shs3 million, they can do it at the NSSF branches and Kololo airstrip.
Dial *185*7*5# and select Midterm Benefits, accept terms and conditions, enter NSSF number, enter NIN, select payment month and day and confirm with your Airtel Money PIN. You will receive an SMS to confirm your submission.
Dial *165*6*4# to get started, select NSSF, Midterm Benefits, accept terms and conditions, enter NSSF number, enter NIN, select payment month and date and confirm with your mobile money PIN. You will receive a confirmation SMS.
The NSSF boss said a total of UGX 1 trillion has been earmarked for Midterm Benefit payment while UGX 50 billion will be paid out per week.
In addition to Midterm access, Byarugaba said members will benefit from a number of opportunities presented by the Amendment; voluntary tops for members beyond their 5%, any Ugandan can now register with the Fund including the informal sector and new benefits will be created.
Who qualifies for midterm access?
A member who has made contributions to the Fund shall be allowed midterm access to his or her benefits accrued from the contributions under the regulations below:
- A member who is forty-five years of age and above and who has made contributions to the Fund under section 7 of the Act for at least 10 years, is eligible to midterm access to his or her benefits, of a sum not exceeding 20 percent of his or her accrued benefits.
- A member who:
- Is a person with disability
- Is forty years of age and above; and
- Has made contributions to the fund under section 7 of the Act for at least ten years, is eligible to midterm access, of a sum of 50 percent of his or her accrued benefits
NSSF Number, National Identification Number (NIN), bank account details and phone number (registered in your names)