Efforts to partially privatize the national pension scheme have been met with skepticism

Efforts to partially privatize the national pension scheme have been met with skepticism and calls for reform to improve its operation. President Museveni is not supporting the bill. “In 2015, at one of the NSSF celebrations, the President said: ‘Some people have been coming to me with this idea that the sector will be more efficient when private players are allowed in, but I just kept quiet. I have never opposed or supported the proposed reforms.’ He continued: ‘Unless these people who are pushing for liberalization are saying that NSSF is being mismanaged, they will really have to convince me more.’ At the same function, he observed: ‘Having one player has one good advantage that we have money available for any useful capital development projects. (…) From the ULS, the Workers' Unions, the Workers' MPs and the NSSF, the message has been one: Amend the NSSF Act but do not repeal it.”