Pension reforms are necessary to ensure financial security for retirees and create a system that balances contributions with long-term benefits. In Uganda, reforms have been ongoing to improve retirement security and expand coverage to more workers. The Uganda Retirement Benefits Regulatory Authority (URBRA) plays a key role in overseeing the retirement sector, ensuring compliance, transparency, and sustainability. Before 2012, Uganda had only two main retirement plans: the Public Employees Retirement Plan, which covered some civil servants, and the National Social Security Fund (NSSF), which catered to private-sector employees working for companies with at least five employees. Since then, URBRA has expanded the pension system by licensing additional retirement funds, including the Kampala City Traders Association Retirement Fund (KACITA Retirement Fund) and the Mazima Retirement Plan. In February 2025, Uganda’s Parliament passed the Public Service Pension Fund Bill, 2024, marking a major step in pension reform. The bill introduces a contributory...