Employee Benefits in Uganda 2024

Employee Benefits in Uganda 2024

Summary

The report provides in-depth industry analysis, information, and insights of the employee benefits in Uganda, including an 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.

Uganda’s social security system only covers a small portion of the population. Most 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.

Key Highlights

• The Ministry of Finance, Planning, and Economic Development, National Social Security Fund, Ministry of Gender, Labor, and Social Development, and Uganda Retirement Benefits and Regulatory Authority are 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, employees are provided with supplementary retirement benefits (both DB and DC) through occupational pension schemes in addition to the statutory retirement benefits.

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, short-term disability benefits, medical benefits, workmen's compensation insurance, maternity and paternity benefits, leaves and holidays 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 the country
• Assess employee benefits of the market, including state and compulsory benefits and private benefits
• Gain insights into the key employee benefit schemes offered by private employers in the country
• Gain insights into key organizations governing employee benefits market, and their impact on companies