Mr. Joseph Mukasa (5th Left), Chairperson MUBS RBS, together with some of the Board of Trustees
There are happy faces and a sense of relief within Makerere University Business School staff circles after the Ag. Principal Prof. Moses Muhwezi announced Government’s commitment to enhance and harmonies staff salaries.
He also confirmed that a half of the Person To Holder (PTH) staff, the School had, have received their money and very soon everyone in MUBS will be getting the right salary. He mentioned that before any staff gets promoted, they will find their money there. “We want to follow government guidelines and we want to appreciate Government for this support.” he added.
He was addressing Staff during the MUBS Retirement Benefit Scheme (MUBS RBS) meeting that was held at MUBS Main Campus Nakawa, on April 8, 2024.
On April 3, 2024 a communication from the Ministry of Public Service was issued to public university secretaries, indicating that the allocation would be disbursed in the next Financial Year of 2024/2025, MUBS received the Shs14 billion.
Starting July 2024, the School will be bringing back the 2% contribution to MUBS RBS for all staff after being approved by the MUBS Council. In future the School has plans to increase its contribution to the scheme
Prof. Muhwezi also highlighted that starting July 2024, the School will be bringing back the 2% contribution to MUBS RBS for all staff after being approved by the MUBS Council. In future the School has plans to increase its contribution to the scheme.
He confirmed that there is a lot of hope in the MUBS RBS and when you add it to NSSF our future welfare will be assured and we will not be fearing retirement because we would have planned early.
The Ag. Principal further affirmed that the affairs of the MUBS RBS are going on well, which gives confidence to the members to continue contributing to this Scheme and to hope that one time in our lives it will help us survive.
He suggested for more experts to be included on Board for high quality and optimal informed investment decisions to ensure that funds for over 1500 staff are safe. “We want staff to be confident that their money is safe and that it will earn them some reasonable profit. I appreciate the Board for steering the wheel of the scheme and the stake holders that help to manage the scheme.”
Meanwhile, Mr. Joseph Mukasa, Chairperson MUBS RBS, encouraged members to get interested in knowing the rules that govern RBS and knowing what the claim is, what one expects from the board and what the board expects from the members.
He urged out that after bench marking from the sister Institutions there is need to reduce the board composition to 5 members and the amendment has provided 5 board trustees that will be representing all the constituencies and these are representatives of the academic staff, Administration staff, support staff, Management staff and council representative.