The National Social Security Fund has announced that its 14th Annual Members Meeting will be held on September 24, 2026, with members across the country eagerly awaiting the declaration of this year’s interest rate on their retirement savings.
The meeting, which will review the Fund’s performance for the financial year ended June 30, 2026, will be conducted in a hybrid format, allowing participation both physically and online from 8:30am.
In a notice issued on behalf of the Board of Directors, NSSF Corporation Secretary Agnes Tibayeita Isharaza said the meeting will focus on accountability, financial performance and the Fund’s future outlook.
“The Annual Members Meeting for the year ended June 30, 2026, will be a hybrid meeting to be held on Thursday, 24th September 2026, starting at 8:30am,” the notice reads.
The annual gathering is one of the Fund’s most significant accountability events, during which members receive updates on how their savings have been invested, examine audited financial statements and hear directly from the Fund’s leadership and government officials.
Among the key agenda items will be the presentation of the Auditor General’s opinion on the Fund’s financial statements, Managing Director Patrick Ayota’s report on the Fund’s performance and outlook, remarks from Board Chairman Dr David Ogong, a statement from the Minister of Gender, Labour and Social Development, Gen Henry Tumukunde and the highly anticipated declaration of the annual interest rate by Finance Minister Henry Musasizi.
The interest rate announcement is traditionally the highlight of the meeting because it determines how much members’ savings will grow during the financial year.
According to the Fund, the declared rate applies to standard contributors in accordance with Sections 10 and 36 of the NSSF Act, Cap 230.
The 2026 meeting comes as NSSF continues to cement its position as Uganda’s largest pension fund and one of East Africa’s biggest institutional investors. The Fund is mandated to collect, safeguard and invest retirement savings for private sector employees who are not covered under the government’s pension scheme.
Over the past decade, the Fund has transformed into one of Uganda’s strongest financial institutions, with its assets growing rapidly through member contributions and investment returns. By the end of the 2024/25 financial year, NSSF’s assets had reached Shs26 trillion, representing a 17.5 percent increase from Shs22.1 trillion a year earlier.
The Fund also posted record earnings of Shs3.52 trillion during the same period, an 11 percent increase compared to the previous financial year, while member contributions rose by more than 10 percent to Shs2.13 trillion.
Benefits paid to members climbed to Shs1.32 trillion, reflecting growing access to retirement savings and qualifying benefits, while operational efficiency improved significantly as administration costs fell to less than one percent of total assets.
NSSF has increasingly diversified its investments across government securities, equities and real estate, with nearly four fifths of its portfolio invested in fixed income assets to protect members’ savings while generating steady returns. It also continues to expand landmark property developments, including Pension Towers in Kampala, which has become one of the country’s most prominent commercial real estate projects.
The Fund has also broadened its services through initiatives such as the Smartlife Flexi voluntary savings product, which allows informal sector workers, Ugandans abroad and other eligible contributors to save for retirement beyond mandatory contributions. The product has been part of the Fund’s strategy to deepen retirement savings across a wider segment of the population.
This year’s meeting follows another strong year for the institution. In July, Finance Minister Henry Musasizi commended the Fund for expanding its asset base to Shs32.8 trillion by June 2026 and challenged its leadership to continue protecting workers’ savings while supporting Uganda’s long term economic growth agenda through prudent investments.
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NSSF said members who cannot attend physically will be able to follow proceedings through the Fund’s online platforms, while the full 2025/26 Annual Report will be published on its website immediately after the meeting.
For millions of Ugandan workers, the September gathering represents more than a routine corporate meeting. It is the moment when contributors learn how their savings have performed over the past year and how the country’s largest retirement fund plans to grow those savings in the years ahead.
