The NSSF first ever Annual members’ meeting not only presented the fund in new light as a compliant and transparent organisation, it shared the limelight with most compliant employers.
In a highly billed event that was broadcast live on local TV from the Serena Conference centre, NSSF management, board and workers’ union leaders outlined new direction for the Shs3 trillion funds even as it moves into an era of competition in a liberalised sector.
But it was the Best employer awards that elicited immeasurable excitement among workers and employers alike.
Tullow Oil emerged the Best Overall Employer beating 10,182 other employers to the inaugural award that recognizes employers who fulfil their social security obligations by timely payment of all their employees’ contributions.
Tullow fought off stiff completion from, Centenary Bank, which won the most Compliant category, Uganda Revenue Authority, which took the Best Contributor Award, as well as Bank of Uganda and the New Vision which took the first runners up awards for Biggest Contributor and Most Compliant categories respectively.
The Awards, presented by State Minister for Finance (Investment) Aston Kajara and Sports Minister, Charles Bakkabulindi were received with much pomp and jubilation.
The members and employers were then treated to a sumptuous lunch at the Serena gardens with entertainment from Sauti Ya Africa and Crane Performers.
Winners in all, including best regional categories had to pass the fund’s 360 Degrees Compliance Test as well as beat a certain threshold in terms of value contributed for FY2011/2012. To pass the 360 Degrees Compliance Test, an employer has to have all their employees registered and their payments made by the 15th of every subsequent month. They also have to have their records audited and cleared by the fund.
Already, the stage seems to have been set for the coming years as the fund becomes both more transparent and set to give more value to their members and recognise compliant employers.