The National Social Security Fund (NSSF) has announced a 13.5 percent interest rate for members for the financial year 2024/2025 — the highest payout since 2017 when savers earned 15 percent.
The declaration was made on Monday, September 22, 2025, during the Fund’s Annual General Meeting (AGM) in Kampala, bringing renewed optimism to the Fund’s 2.3 million members. The rate marks a notable improvement from last year’s 11.5 percent and 10 percent the year before.
According to NSSF officials, the impressive performance was driven by stronger investment returns, improved compliance among employers, and gains from the Fund’s diversified portfolio, which includes fixed income, equities, and real estate.
“This year’s performance reflects the resilience of the Fund and its commitment to delivering tangible value to our members despite prevailing economic challenges,” said the Managing Director.
The payout translates into more than UGX 2.5 trillion credited to member accounts, surpassing the UGX 2 trillion distributed in the previous financial year.
Analysts observed that while the increase is significant, inflationary pressures and currency depreciation may dilute returns. With Uganda’s annual inflation hovering around 5 percent, members will still benefit from positive real gains on their savings.
The announcement cements NSSF’s position as one of East Africa’s top-performing retirement funds, with regional peers largely offering single-digit returns.
Managing assets exceeding UGX 20 trillion, NSSF continues to face public scrutiny over governance and investment decisions. However, officials at the AGM underscored that this year’s results are evidence of the Fund’s long-term stability and sustainability.
