By Flavia Ajok
Religious leaders in Bunyoro have appreciated government for embarking on a number of voluntary retirements saving schemes that have been established in the sector.
The voluntary segregated schemes under the Uganda Retirement Benefits Regulatory Authority (URBRA) cover 31,343 individuals, and these can save as low as Shs 2,000, meaning that even low-income earners, particularly in the informal sector, could also save and invest.
Bishop Samule Kahuma Abwooli of Bunyoro Kitara Diocese says the clergy need to be consolidated in a meaningful saving scheme that will help them sustain their livelihood when they retire.
Bishop Kahuma made the remarks during a courtesy visit to his office by the URBRA officials led by the board chairman Julius Bigirwa Junjura.
Julius Bigirwa Junjura, the URBRA board chairman says they have embarked on partnering with different organizations to ensure they mobilise Ugandans to save for their retirement such that they can live a dignified life in future.
Bigirwa explains that they have decided to step up their efforts to target increased savings including people in the informal sector.
Bigirwa says the subject of saving is not popular among Ugandans saying there is need for Ugandans to change their mindset towards saving.
Sheikh Musa Babanja, the district Khadhi Hoima welcomes the government idea of people saving for old age saying even the holy book of Quran talks about hard work and savings for the future.
Sheikh Babanja called for team work so that saving for retirement is a success.
