The National Social Security Fund (NSSF) has today launched a savings campaign dubbed “Friends with Benefits” aimed at educating its members and the general public about a savings culture and better usage of benefits.
The campaign will run as a TV show programme profiling retired workers who invested or used their NSSF benefits to transform their lives, and those of the communities around them.
While addressing journalists at the launch of the campaign at Workers House today, Richard Byarugaba, the Managing Director NSSF Uganda, said, the campaign aims at showcasing inspiration success stories from members who have received and used their benefits to change their lives, those of their families and even the communities they live in so as to motivate existing and potential members to invest in retirement savings.
“Over the last 30 years, NSSF has paid Ushs1.1 trillion to 250,000 members who have claimed their benefits on retirement. This is a significant amount we have put into the economy of Uganda and is in line with the Funds’ commitment to deliver a better life to our members,” he said. The “Friends with Benefits” campaign we are launching today will bring those stories to life to give hints into various ventures that one can undertake with their benefits packages for a better life.”
Beneficiaries will be required to submit a short real and compelling story (100 words) on how their lives have been transformed as a result of the benefits they received. In addition, relatives and friends can also share stories of beneficiaries they know whose lives have been transformed because they put their benefits to excellent use.
According to Byarugaba, the campaign will run for a period of 4 months and the winner will be rewarded with shs30 million in prize money. Participants will submit their stories until June 7, 2016 and these shall be vetted by a selected panel of judges that will be announced at a later date.
The campaign is expected to ignite national conversations about the need for every single Ugandan, regardless of their background or salary level, to save and invest for a better life hence cultivating a savings and investment culture among Ugandans.