Employee Benefits in Uganda 2021

Employee Benefits in Uganda 2021

Summary

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

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.

Key HighlightsState benefits are granted by the government of a particular country to all employed, self-employed, and unemployed persons and their dependents residing in UgandaCompulsory benefits are provided by employers to their employees and are mandated by law Social security system comprises a set of state and compulsory benefits that protect employees against the risks of old age, death, long-term disability, short-term sickness, and occupational accidents and diseases Employers provide supplementary retirement benefits (both DB and DC) through occupational pension schemes in addition to the statutory retirement benefitsScope

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 benefitsIt 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, family benefits, unemployment, long-term care benefits, leave and private benefitsIt highlights the economic and regulatory situations relating to employee benefits in UgandaReasons to BuyMake strategic decisions using in-depth information related to employee benefits in UgandaAssess Uganda's employee benefits market, including state and compulsory benefits and private benefitsGain insights into the key employee benefit schemes offered by private employers in UgandaGain insights into key organizations governing Uganda's employee benefits, and their impact on companies