Regulatory Alerts2017-02-08
Why Uganda must expedite pension reforms
The CEO of the Capital Markets Authority urges Parliament to expedite pension reforms to ensure financial independence for retirees and reduce public sector corruption. The author proposes four key changes: converting the public service scheme to defined contributions, restricting lump-sum withdrawals upon job changes, increasing mandatory savings to 20%, and mandating monthly pension payouts. These measures aim to boost domestic capital markets, generate long-term investment funds, and drive economic growth through infrastructure development.
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