Uganda Retirement Benefits Regulatory Authority
| URBRA | |
| Agency overview | |
|---|---|
| Formed | 2012 |
| Jurisdiction | Government of Uganda |
| Headquarters |
1 Clement Hill Road Kampala, Uganda |
| Agency executives |
|
| Parent agency | Uganda Ministry of Finance and Economic Planning |
| Website | Homepage |
| Footnotes | |
| 15 Staff (2014) | |
The Uganda Retirement Benefits Regulatory Authority (URBRA) is a government-owned, semi-autonomous agency responsible for the regulation, licensing, supervision, and control of the retirement sector in Uganda, the third-largest economy in the East African Community. The authority is also responsible for the formulation of guidelines to allow the liberalization of the retirement sector in the country.[2][3]
Location
The headquarters of URBRA are located at 3rd to 6th Floor, URBRA Towers, 1 Clement Hill Road, on Nakasero Hill, in Kampala, the capital and largest city of Uganda. The coordinates of the headquarters are 0°19'16.0"N, 32°35'12.0"E (Latitude:0.321111; Longitude:32.586667).[4]
History
URBRA was established by an Act of Parliament of Uganda in 2011. The agency is under the Uganda Ministry of Finance and Economic Development but is semi-autonomous, with a governing board and a management team, led by an executive director as the chief executive officer.
Before 2012, there were only two major retirement benefits plans in the country: the Public Employees Retirement Plan (for some civil servants) and the National Social Security Fund (Uganda) (for privately employed people whose employers had at least five employees on payroll).
When URBRA was established, it was anticipated that new retirement benefits managers would be licensed and the sector would be liberalized and improved, with more choices and new retirement products introduced.[5][3]
See also
References
- ↑ Muhumuza, Mark Keith (26 March 2015). "Kenyan Takes Over CEO Role At Pension Regulator". Daily Monitor (Kampala). Retrieved 26 March 2015.
- ↑ FINMAP II (September 2013). "Recruitment of Chief Executive Officer for the Uganda Retirement Benefits Regulatory Authority (URBRA)". Uganda Ministry of Finance And Economic Planning. Retrieved 19 September 2014.
- 1 2 Muhumuza, Mark Keith (11 April 2016). "Pension regulator reveals Shs92 billion five-year plan". Daily Monitor. Kampala. Retrieved 11 April 2016.
- ↑ Google. "Location of URBRA At Google Maps". Google Maps. Retrieved 19 September 2014.
- ↑ Towers Watson (1 January 2013). "Uganda: New Pension Plan Licensing Requirements Launch". TowersWatson.Com. Retrieved 19 September 2014.
External links
- Uganda Retirement Benefits Regulatory Authority Website
- Ministry of Finance And Economic Development: Uganda Retirement Benefits Regulatory Authority
- NSSF holds 86% of all pension assets - report, as at December 2014: According to URBRA
Coordinates: 00°19′16″N 32°35′12″E / 0.32111°N 32.58667°E
