In a powerful call to action, Mr. Geoffrey Sajjabi, Chief Commercial Officer at the National Social Security Fund (NSSF), has urged Ugandans—especially the youth and early-career professionals—to adopt a proactive approach to financial planning and retirement preparedness.
Speaking at the NSSF Eastern Regional Employers Meeting held in Mbale on April 11, 2025, Mr. Sajjabi emphasized the urgent need for Ugandans to shift from dependency mindsets and begin building foundations for financial independence in retirement.
“Don’t wait until retirement to start a family or plan your future. The reality is that your children or even the government may not be in a position to support you. The most secure retirement is one where you rely on your own financial foresight,” Sajjabi advised.
Longer Life Expectancy Requires Smarter Savings
Sajjabi also revealed that on average, Ugandans are living 18 to 20 years beyond retirement age, making early and consistent saving more critical than ever.
“Your employer contributions may not be enough. Consider voluntary savings options and match your employer’s contributions where possible to harness the benefits of compound interest,” he said.
This message resonated strongly with young professionals and employers in attendance, many of whom are now exploring flexible saving options offered by the Fund.
Empowering Employers, Engaging Regions
The Mbale meeting marked the final leg of the 2025 NSSF Regional Employers Meeting series, which provided updates on fund performance, promoted financial literacy, and strengthened relationships between NSSF and regional employers.
“These meetings are not just about numbers. They’re about ensuring that every Ugandan understands the tools available to secure their financial future,” Sajjabi noted.
NSSF Services: Flexibility for All
Ms. Brenda Arinda, NSSF Area Manager for Mbale, shared insights on the SmartLife Flexi savings product, which allows savers to contribute daily, weekly, monthly, or annually, with eligibility for withdrawals after 12 months.
She also clarified that an individual’s 13-digit NSSF number remains valid for life, even after retirement or full withdrawal of benefits.
“If you lose your number, just visit any NSSF branch with your national ID for recovery. And yes, you can even open a SmartLife account for your child. If they’re under 16, you can create a sub-account that activates once they reach the qualifying age,” she explained.
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At a time when many young Ugandans are searching for sustainable financial pathways, the NSSF’s message is clear: start early, stay consistent, and build a future where independence—not dependency—defines your retirement.
