National Social Security Fund (NSSF) yesterday took on a new corporate identity as it also announced that it had amassed Shs 3 trillion in assets.
Last financial year, NSSF had Shs 2.7 trillion in assets while in the 2010/11 financial year; it had Shs 2.1 trillion in assets.
In the new corporate identity, NSSF has rebranded to a blue and green logo with slanting letter fonts and also adopted a new tagline- ‘A Better Future’.
“We are not only changing our look, but rather, the change of our visual identity symbolizes my commitment, your commitment and our commitment to deliver a better future for our growing membership by providing quality products and offering competitive returns in a transparent and efficient environment,” Mr Richard Byarugaba, the managing director of NSSF said.
“Whereas you cannot touch our hearts to feel this renewed commitment, this new logo represents that commitment. What we are promising our stakeholders especially our members is nothing less than quality products.”
The robust growth follows 24 months of good performance. During the time, NSSF members’ compliance improved from63 per cent to 73 per cent, monthly contributions went up by 71 per cent from Shs 24.5billion to Shs 42.0 billion, while member balances went up by 70 per cent from Shs 1.7trillion to Shs 2.9trillion. The overall, the Fund is currently growing by Shs 50 billion each month
NSSF has over 450,000 savers all working in the private sector.