Nssf Quiz Questions And Answers -

UGX 6,000,000 per month (as per the NSSF Act, contributions are computed on a maximum of UGX 6 million).

Withdrawal benefit due to loss of employment (formerly called “benefit on involuntary termination of employment”).

The Voluntary Contribution Scheme / New contribution structure with choice of Fund I (low risk) or Fund II (medium risk) or a mix. nssf quiz questions and answers

Grace turns to Ali. “The old system is testing us. Every time there’s a glitch, you must answer its NSSF riddles. Get one wrong, we restart the clock.”

Ali shouts, “It’s the contribution!” The screen flashes green. Grace smiles. “Correct. Late remittance attracts a 2% penalty per month.” Question 2 “I am the age when you can finally touch your savings fully. Not 50, not 60, but in Uganda, you must reach me for a mid-term benefit. What number am I?” UGX 6,000,000 per month (as per the NSSF

Mr. Tumwesigye sighs. “My top baker earns 8 million. So NSSF only uses 6 million to calculate?” “Exactly,” says Ali. “Your employee gets the same benefits as someone earning 6M, not 8M.” The glitch screen ticks Green . Question 5 (Final boss riddle) “I am the newest member of the family – not a benefit, but a way to keep growing your money while still working. I was introduced in the 2021 Act. You choose how to split me between conservative and balanced funds. What am I?”

45 years (for the mid-term access under the “Age 45” rule in Uganda’s NSSF Act, 2021 amendment). Grace turns to Ali

The NSSF contribution (mandatory 15% of gross pay – 10% employer, 5% employee in Uganda’s classic scheme).

Grace adds, “And you must wait 12 months after losing the job, plus prove you’re not earning from any other formal job.” The system beeps: Correct . Question 4 “I am the maximum insurable monthly earnings. If you earn more than me, NSSF won’t take contributions on the extra. What cap am I in Ugandan Shillings?”