Usher Wilson Owere, the NOTU Chairperson, says that they have given parliament an ultimatum of up to November Thursday 18th, 2021 to pass the bill into law to allow workers access their savings, or else they mobilize workers to protest the delay.
The Retirement Benefits Sector Liberalisation bill, 2011 seeks to repeal the Pensions Act, Cap 286 and the National Social Security Fund Act, Cap. 222. The bill seeks to open up the pension sector that will consequently end the monopoly of the National Social Security Fund-NSSF. It also seeks to allow those who have saved money for more than 10 years to access 30 per cent of their savings to secure mortgages or loans from any financial institution for the purchase of a house.
Fox Odoi, West Budama North MP stressed that the Constitutional Court ruling clearly stated that all workers, including the non-unionised workers must be part of the elections. Odoi warned that using trade unions as electoral colleges could be challenged in court.
The proposal was tabled by workers\' MP, Arinaitwe Rwakajara, during an interface with the Public Service and Local Government committee of Parliament. The committee is receiving proposals from different stakeholders on the proposed amendment bill.