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Employee Benefits in Uganda 2020

Employee Benefits in Uganda 2020

Summary

Uganda's social security system only covers a small portion of the population. Most of the workers and their families are not covered under the country's social security system; however, the government plans to introduce new social security benefits. The government is planning to include maternity and unemployment benefits; health insurance; funeral grants; and school fees for the children of workers. The two important formal social security schemes in Uganda are the National Social Security Fund (NSSF) and the Public Service Pension Scheme. Uganda has three pillar pension system. First pillar is made for means-tested individuals and for public sector workers, second pillar comprised of mandatory DC plans to the individuals while the third pillar involves voluntary DC pension schemes.

The report provides in-depth industry analysis, information and insights of the employee benefits in Uganda, including: overview of the state and compulsory benefits in Uganda, detailed information about the private benefits in Uganda, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Uganda.

Key Highlights

- The National Social Security Fund (NFSS) and the Public Service Public Scheme is responsible for the functioning of the overall social security system.
- A person's national insurance contribution is determined based on their income.
- An insured person who is unemployed or unable to work and whose benefits have been exhausted is entitled to credited contribution.
- In Uganda, employers provide voluntary retirement benefits to their employees either through a provident fund or pension scheme.

Scope

This report provides a detailed analysis of employee benefits in Uganda -
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, leave and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Uganda

Reasons to Buy

- Make strategic decisions using in-depth information related to employee benefits in Uganda.
- Assess Uganda's employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Uganda.
- Gain insights into key organizations governing Uganda's employee benefits, and their impact on companies.
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Employee Benefits in Uganda 2020
Published By :GlobalData
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