Requirements For Effective Management Of Social Security In Uganda
Effective social security systems guarantee income security and health protection, thereby contributing to the prevention and reduction of poverty and inequality, and the promotion of social inclusion and human dignity.
How is social security regulated in Uganda?
The social security and protection sector is regulated by government through the Ministry of Gender, Labour and Social Development (MGLSD). The Ministry is responsible for policy functions, including tabling bills in Parliament for the enactment of laws.
How can the Social Security program be improved?
Increase the Payroll Tax Cap
This cap generally increases every year as the national average wage increases. Today, the cap covers about 83 percent of total earnings in the nation.
Raising the cap to cover a higher percentage of total earnings would help close Social Security’s funding gap.
What are the objectives of social security?
They are provided to improve the living quality; to support independence; and to compensate for the lack of earning ability after retirement.
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