National Social Security Fund (Interest on Benefits) Order, 2006

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Date of promulgation: 

2 September 2006

STATUTORY INSTRUMENTS 2006 No. 47.

THE NATIONAL SOCIAL SECURITY FUND (INTEREST ON BENEFITS)

ORDER, 2006.

ARRANGEMENT OF REGULATIONS.

Regulation.

  1. Citation.
  2. Declaration.

STATUTORY INSTRUMENTS

2006 No. 47.

The National Social Security Fund (Interest on Benefits) Order, 2006.

(Under Sections 35 and 52 of the National Social Security Fund Act, Chapter 222 of the

Laws of Uganda)

In exercise of the powers conferred upon the Minister by Section 35 sub­sections (2) and (7) and Section 52 sub-section (1) (k) of the National Social Security Fund Act (Chapter 222 of the Laws of Uganda), this Order is made this 22nd day of September, 2006.

  1. Citation

This Order may be cited as the National Social Security Fund (Interest on Benefits) Order, 2006.

  1. Declaration

All Benefits payable out of the National Social Security Fund for the financial year 2005/2006 shall carry an annual interest rate of seven per centum (7%) calculated on the balance standing to the credit of the members' accounts on the first day of July, 2005.

FRED JACHAN OMACH, Minister of State for Finance, Planning and Economic Development (General

Duties)

Also Holding the Portfolio of Minister of Finance, Planning and Economic Development.