In July 2018, the fund's investments included (a) fixed income investments, accounting for 77 percent of all investments (b) equities on the security exchanges of the East African countries, accounting for 17 percent and (c) real estate investments, which are 6 percent of the total portfolio.
Significant real estate holdings include Workers' House in the centre of Kampala, Uganda's capital city, where NSSF maintains its head office, and City House Jinja, in Jinja, developed between 2015 and 2018, at a cost of USh3.5 billion (approx. US$1 million).
According to its financial statements for the year ending 30 June 2014, NSSF had UGX:2.65 trillion in government treasury bonds (with yields ranging from 10.25 to 14.35 percent), UGX:682.1 billion on deposit with commercial banks, UGX:251.3 billion in equity investments at fair value through profit or loss (EPL), UGX:250.2 billion in capital work-in-progress, UGX:193.7 billion in investment properties, UGX:143.2 billion in corporate bonds (with yields ranging from 11.03 to 17.00 percent), UGX:73.3 billion in equity securities held-for-trading by fund managers (HFT), and UGX:14.6 billion in cash and bank balances. Based on market value as of 30 June 2014, NSSF's largest investments in equity securities were as follows:
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Umeme: UGX:88.1 billion (EPL)
Stanbic Bank Uganda Limited: UGX:31.4 billion (EPL)
DFCU Limited: UGX:18.0 billion (EPL)
New Vision Group: UGX:9.0 billion (EPL)
Tanzania Breweries Limited: UGX:7.04 billion (HFT)
East African Breweries Limited: UGX:6.16 billion (HFT)
Bank of Baroda Uganda Limited: UGX:5.74 billion (EPL)
Diamond Trust Bank: UGX:5.63 billion (HFT)
BAT Kenya Limited: UGX:5.57 billion (HFT)
Centum Investments Limited: UGX:5.19 billion (EPL)
Safaricom: UGX:4.90 billion (HFT)
Kenya Commercial Bank: UGX:4.09 billion (HFT)
Equity Bank Kenya Limited: UGX:3.97 billion (HFT)
DFCU Bank: UGX:3.32 billion (HFT)
CfC Stanbic Holdings: UGX:3.02 billion (HFT)
Nation Media Group: UGX:2.91 billion (HFT)
Equity Bank Group: UGX:2.78 billion (EPL)
NIC Bank Limited: UGX:2.86 billion (HFT)
Stanbic Bank Uganda Limited: UGX:2.84 billion (HFT)
Operations and economic performance
The NSSF is a defined contribution scheme and is financed largely by contributions from employers and employees. The total contribution is equal to 15 percent of an employee's gross salary, with the employer contributing 10 percent and the employee 5 percent. The NSSF pays five types of benefits:
Age benefit – paid to a member who has reached the retirement age of 55
Withdrawal benefit: Paid to a member who has reached the age of 50 and is out of regular employment for one year
Invalidity benefit: Paid to a member who has become incapable of gainful employment
Survivor's benefit: Paid to the dependent survivor of a member
Emigration grant: Paid to a member who is leaving Uganda permanently.
The NSSF's total assets as of 30 June 2014, were valued at UGX:4.4 trillion. In October 2017, The Independent, a Ugandan English language newspaper, estimated the NSSF total assets at USh7.9 trillion (approximately US$2.48 billion at that time), as of 30 June 2017. By June 2018, those assets had increased to USh9.98 trillion ($2.678 billion). As of 30 June 2020, NSSF Uganda managed a total asset portfolio of USh13.38 trillion ($3.627 billion). This was a 17 percent increase from UGX11.3 trillion ($3.064 billion), as of 30 June 2019. As of June 2021, NSSF Uganda controlled UGX:15.5 trillion (US$4.406 billion) in total assets. NSSF Uganda controlled total assets valued at UGX:18.58 trillion (US$4.981 billion), as of 30 June 2023. As of 30 June 2024 total assets under management were USh22.13 trillion (US$6.065 billion). As of 30 June 2025, total assets were UGX26 trillion (approx. US$7.397 billion
Branch network
As of June 2019, NSSF had a branch network of 19 branches in the central, eastern, northern, and western parts of Uganda, with six in Kampala, the capital.
Head Office: Workers House, One Pilkington Road, Kampala
Bugoloobi Branch: Bugoloobi
Kireka Branch: Kireka
Entebbe Branch: Entebbe
Kawempe Branch: Kawempe
Bakuli Branch: Bakuli
Arua Branch: Arua
Gulu Branch: Gulu
Lira Branch: Lira
Soroti Branch: Soroti
Mbale Branch: Mbale
Jinja Branch: City House Jinja, Jinja
Lugazi Branch: Lugazi
Masaka Branch: Masaka
Masindi Branch: Masindi
Hoima Branch: Hoima
Fort Portal Branch: Fort Portal
Mbarara Branch: NSSF Mbarara Complex, Mbarara
Kabale Branch: Kabale
