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MURBS trains Mak staff on budgeting for benefits in preparation for retirement

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Makerere University members of staff have been advised to properly budget for their retirement benefits as they prepare to retire. This was during the pre-retirement training organised by the Makerere University Retirement Benefits Scheme (MURBS) on Thursday, 26th April 2018, for Academic, Administrative, and Support staff who are 54 to 60 years old. The well attended training was facilitated by professional trainers from the Scheme Administrator, Octagon Uganda Limited, and an insurance firm, ICEA. During the training participants were introduced to sustainable investment ideas and viable options of securing retirement income.

According to Mr. Joseph Njuguna, a facilitator from Octagon Uganda Limited, workers should always be ready for their retirement as soon as they receive their first appointment letter. Mr. Njuguna said that many workers tend to perceive retirement more as a distant phenomenon than something that will happen soon. For many workers, retirement comes as a shock that is hard to contain. He pointed out that workers who fail to accept the reality of retiring fail to develop a strategic plan for their money. He said that retirees can easily lose all their benefits from late life experimental investments and can suffer personal life mishaps due to poor retirement planning.

“We need to have a solid plan for our desired lifestyle after retirement. We should make a financial plan, engage our legal officers, think of an income that will sustain us and be able to cater for both our insurance and medical needs. Remember that the more we age, the more we are susceptible to suffer from different illnesses. We should not look at our children as some form of insurance strategy. We need to be able to sustain ourselves with a good degree of independence since we have our retirement benefits as a starting point,” he said.

Mr. Njuguna advised workers to always invest in businesses or services in which they have experience or knowledge. “Being a professor at University, does not guarantee that you are a professor in poultry farming. You need to invest wisely, ensure that the business or investment idea you are undertaking is in line with your knowledge, experience and interest in order to avoid severe losses. Before you start a business, know its challenges, he advised. Members were also encouraged to reflect on the need to conserve their energy as much as possible after retirement and maintain healthy lifestyles.Dr. John Kitayimbwa, the Board Secretary of MURBS interacting with participants

MURBS cautioned its members on the risk of using retirement benefits to invest in a brand new business after retirement. Members were challenged to reflect on important questions like “If a person has not managed any successful business throughout his or her working life, would it be prudent for that person to invest his or her retirement benefits in a new business after retirement?” Is the assumption that one is the best manager of one’s retirement funds a sustainable option?”

From his presentation, Mr. Njuguna demonstrated that about 75% of retirees who are paid lump-sum benefits consume them. He also illustrated that for lump-sum benefits received by retirees and invested in a business, 48% turned out to be unprofitable, 31% had operating profitability, and 21% collapsed.

MURBS introduced members to a new retirement income option of Annuities. An annuity is also referred to as a pension, and it is designed to protect people from the risk of outliving their income. Annuity arrangements allow the retiree to have guaranteed income for life or for a convenient number of years after retirement. This follows a stipulated premium paid by the person seeking the annuity (annuitant) either through prior instalments or in a single payment, such as a member’s accumulated (prescribed portion or all) benefits upon retirement. Annuities are provided by insurance companies which are licensed to provide this service in accordance with the Law.

As he explained the concept of annuities to participants, Dr. John Kitayimbwa, the Board Secretary of MURBS, noted that Life expectancies are getting longer. Dr. Kitayimbwa further observed that the retirement contributions payable to members were increasing and MURBS was now paying its members more money than what other staff of similar rankings in the University used to receive in previous years. He advised that it is important for retirees to continue receiving at least a monthly stipend in the form of an annuity otherwise they could become destitute. The Secretary informed members at the training that MURBS has a clear strategy for member education and training. For this reason, the Secretary urged University staff to embrace MURBS programmes which will improve their financial literacy. The Secretary also said that MURBS engages with its members on a daily basis at the Scheme Office through the Principal Pension Officer.

Mr. Wilber Grace Naigambi, the Board Chairperson, on behalf of MURBS Trustees thanked the facilitators for the informative message that will have a positive impact on staff when preparing for retirement. He thanked the staff for attending the training in big numbers and encouraged them to reflect on the information they had received with seriousness.

Article by: Nabatte Proscovia, Mak-Public Relations Office.

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Mak Commissions CoVAB@50 Celebrations, Awards Certificates

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The Vice Chancellor-Prof. Barnabas Nawangwe (4th L), DVCAA-Dr. Umar Kakumba (5th L) and Principal CoVAB-Prof. J.D. Kabasa (3rd L) with L-R: Mr. Byakatonda Patrick, Mr. Alfred Masikye Namoah, Mr. Felix Okello, the Mace bearer and Dr. Samuel Majalija at the CoVAB@50 Celebrations Commissioning, 17th June 2021, Nakyesasa-Namulonge.

The College of Veterinary Medicine, Animal Resources and Biosecurity (CoVAB) on Thursday 17th June, 2021 commenced celebrations to mark 50 Years of Veterinary Higher Education, Science, Technology, Innovation and Services (HESTIS) in Uganda. The blended event held at the Industrial Livestock Research, Incubation and Skilling (ILRIS) Center at Nakyesasa, Namulonge as well as online was presided over by the Chancellor, Prof. Ezra Suruma and First Lady and Minister of Education and Sports (MoES), Hon. Janet Museveni both represented by the Vice Chancellor, Prof. Barnabas Nawangwe.

The event, held as part of Makerere University Centenary Celebrations (1922-2022) was a moment of celebration for 1,930 skilled livestock agribusiness entrepreneurs who were awarded certificates in recognition of completion of their respective courses. Owing to the strict Standard Operating Procedures (SOPs) instituted by the Ministry of Health (MoH) to curb the spread of COVID-19, the students from Incubation Hubs in Atiak, Butaleja, Mubende, Nakyesasa, Sheema and Wakiso were awarded their certificates virtually.

In her remarks read by Prof. Barnabas Nawangwe, Hon. Janet Museveni thanked Makerere University for supporting grassroots level development through groundbreaking innovations under the Africa Institute for Strategic Services and Development-Skills for Production Enterprise Development and Accreditation (AFRISA-SPEDA) model.

The Vice Chancellor-Prof. Barnabas Nawangwe (L), Academic Registrar-Mr. Alfred Masikye Namoah (C) and the Principal CoVAB-Prof. John David Kabasa stand for the anthems.
The Vice Chancellor-Prof. Barnabas Nawangwe (L), Academic Registrar-Mr. Alfred Masikye Namoah (C) and the Principal CoVAB-Prof. John David Kabasa stand for the anthems.

“I am extremely pleased that Makerere University, through those innovative approaches, has developed and launched the alternative approach to building human capital and transferring knowledge to enterprises in communities.

“I would like to encourage all those involved in skills development to adopt methodologies that transform those trainees that go through these programs in ways that enable them also transform the societies they live in” read the Minister’s remarks.

She further noted that commissioning of the CoVAB@50 celebrations was both timely and rewarding. “The commissioning of the college innovations indeed has made meaning. This is a true path to growth of an Academic and Development College of the University, and we congratulate you again.”

Addressing the congregation as Chancellor, Prof. Barnabas Nawangwe congratulated CoVAB alumna and incoming Minister of Science, Technology and Innovation (MoSTI) under the Office of the President, Dr. Monica Musenero upon her recent appointment. “We thank His Excellency the President for identifying you. Science is in good hands.”

Awardees from the Mubende Incubation Hub raise their caps after virtually receiving their certificates in the blended ceremony on 17th June 2021. Photo credit: Kabaruli Twekambe/Team BOBOMAK
Awardees from the Mubende Incubation Hub raise their caps after virtually receiving their certificates in the blended ceremony on 17th June 2021. Photo credit: Kabaruli Twekambe/Team BOBOMAK

Prof. Nawangwe urged Dr. Musenero to address the structures of managing research and innovation in Uganda, “including the role of the Uganda National Council for Science and Technology and the apparent need to establish a Research Council for Uganda.”

In the same breath he thanked the outgoing and pioneer Minister of Science, Technology and Innovation, Hon. Dr. Elioda Tumuwesigye, for his role in ensuring that the ministry is empowered to carry out its mandate.

The Chancellor congratulated CoVAB upon training the bulk of Veterinary Doctors in Uganda over the last 50 years and more recently, Laboratory Technologists at the highest level. He recognised Makerere University‘s obligation to contribute to the economic self-determination of Uganda and thanked CoVAB for conducting research that addresses hindrances to national development, especially in the livestock industry.

“The anti-tick vaccine is one of such innovations which will solve the huge problem of tick-borne diseases that have caused enormous losses to our farmers. There are many other problems on which the college is researching and we thank you for the enthusiasm” he added.

Incoming Minister of Science, Technology and Innovation in the Office of the President, Dr. Monica Musenero addresses the congregation.
Incoming Minister of Science, Technology and Innovation in the Office of the President, Dr. Monica Musenero addresses the congregation.

The Chancellor commended CoVAB for being the vanguard of transformation of the grassroots communities through the SPEDA model. “I urge Government to fund this important initiative so that it can more meaningfully contribute to solving the big problem of youth unemployment.”

In her remarks, Dr. Monica Musenero commended the Principal, CoVAB, Prof. John David Kabasa for fulfilling the College’s dream of enabling the masses who drop out of the education value chain as well as those who complete education but have no skills for livelihood, to attain certification in agribusiness entrepreneurship.

“Many people attain academic success and write papers, publish and they become professors but without demonstrable impact on their nation. You have shown by the thousands that you have touched nationwide that indeed you are a professor of national transformation. Congratulations,” remarked Dr. Musenero.

She therefore congratulated the teams at CoVAB and AFRISA upon successfully conceiving and executing a model that is non-traditional, informal, not easily understood and not documented in any textbooks.

The Vice Chancellor-Prof. Barnabas Nawangwe (R) receives graduation books of the cohorts from Director DIT, MoES-Mr. Byakatonda Patrick (C) and Deputy Commissioner Social Services Development, MoES-Madam Elizabeth Bateme (L).
The Vice Chancellor-Prof. Barnabas Nawangwe (R) receives graduation books of the cohorts from Director DIT, MoES-Mr. Byakatonda Patrick (C) and Deputy Commissioner Social Services Development, MoES-Madam Elizabeth Bateme (L).

As Minister, Dr. Musenero noted that witnessing thousands of individuals from across the country whose skills had been honed through a university programme receiving certificates gave her a lot of hope and material to embark on her tenure with. “I will be looking forward to harnessing these resources as we initiate work on the next leg of Science, Technology and Innovation in the country under the President’s Office.”

The invitation to the Principal, CoVAB to present students for the award of the ordinary diplomas, ordinary certificates and artisan certificates was given by the Deputy Vice Chancellor (Academic Affairs), Dr. Umar Kakumba. He congratulated the awardees upon successfully completing their respective courses and graduating with evidence on an enterprise.

Prof. Kabasa clarified that the approach used to train the day’s awardees was not simply a vocational skilling. “The combination of action research with knowledge transfer, skilling, plus assessment and accreditation processes done by organs like the DIT (Directorate of Industrial Training, MoES) has given us this result, for the University to provide true leadership and transformation of the community.”

Present at the celebrations were the Director, DIT, MoES-Mr. Byakatonda Patrick and the Deputy Commissioner Social Services Development, MoES Madam Elizabeth Bateme who have worked through the Academic-Community-Public-Private-Partnership model to ensure that students graduate as entrepreneurs with micro enterprises.

The Vice Chancellor-Prof. Barnabas Nawangwe (C), flanked by DVCAA-Dr. Umar Kakumba (R) and the Principal CoVAB-Prof. John David Kabasa (L) commissions the SPEDA Training, Incubation and Research Centre-Nakyesasa on behalf of the First Lady and Minister of Education and Sports-Hon. Janet Museveni on 17th June 2021.
The Vice Chancellor-Prof. Barnabas Nawangwe (C), flanked by DVCAA-Dr. Umar Kakumba (R) and the Principal CoVAB-Prof. John David Kabasa (L) commissions the SPEDA Training, Incubation and Research Centre-Nakyesasa on behalf of the First Lady and Minister of Education and Sports-Hon. Janet Museveni on 17th June 2021.

Prior to presiding over the ceremony, Prof. Barnabas Nawangwe, on behalf of the First Lady and Minister of Education and Sports officially commissioned the SPEDA Training, Incubation and Research Centre – Nakyesasa.

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UNMA Advisory on Agriculture and Food Security Jun-Aug 2021

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A male researcher inspects a maize cob in a demonstration plot on 13th August 2010 at the Makerere University Agricultural Research Institute Kabanyolo (MUARIK), Wakiso Uganda.

The Uganda National Meteorological Authority (UNMA) on 7th June 2021 released the seasonal rainfall outlook for the June-July-August (JJA) 2021 period. Contained in the outlook were advisories to various strategic sectors of the economy.

Particularly, the advisory to the Agriculture and Food Security sector was;

  • JJA season is often part of the normal dry season in the areas of South-western, western, parts of the eastern, and central Uganda. The farming communities in these areas are therefore advised to be vigilant during post-harvest handling by considering proper drying of the harvest on clean surfaces, use of tarpaulins and drying on racks;
  • Preparation of good storage facilities of produce to avoid compromising on quality and safety;
  • Channeling of the run-off water into the gardens in order to maximize on the soil moisture conservation;
  • For those areas where near normal to above normal rainfall is expected (most parts of northern and eastern Uganda), farmers are encouraged to continue with regular weeding, pest and disease surveillance and control;
  • Due to the expected enhanced rainfall in those areas, water logging and proliferation of fungal and bacterial crop diseases are likely to occur.
  • Open drainage channels around household and gardens to reduce risks from stagnant water causing damage to root tuber crops;
  • Flash floods and waterlogging are highly anticipated to occur in low lying areas expected to receive enhanced rainfall such as Katakwi and Kapelebyong. Therefore, communities are encouraged to keep watch over their crops, animals and property;
  • In Karamoja sub-region, where wetter conditions are expected, the pastoral communities are advised to diversify into boosting the production of cereals (sorghum, millet, and maize), beans, and ground nuts and sustain pasture availability for livestock.

Please see Downloads for the detailed outlook.

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4th Call For Applications: MURBS Departmental Ambassadors

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URBRA’s Mrs. Ritah Nansasi Wasswa (2nd L) assisted by Ag. University Secretary-Mr. Yusuf Kiranda (L) hands over a plaque of recognition to Outgoing Trustee-Ms. Dorothy Nannozi Kabanda (2nd R) as Incoming Trustee-Ms. Franco Angida Mugyema (R) applauds during the MURBS Board Handover on 26th March 2021.

In February 2018, the Makerere University Retirement Benefits Scheme (MURBS) launched the Departmental Ambassadors Programme. MURBS hopes to use this Ambassadors Programme to engage more directly with its membership and enhance member education. MURBS further perceives this Programme as a means to mitigate succession planning risks.

MURBS Fund Value continues to grow, and as at 31st March 2021, it stood at Ushs 235.5bn as compared to Ushs 209.6bn as at 30th June 2020. Given this growth, there is increased need for prospective Trustees, who are well equipped with relevant knowledge and skills, and with practical exposure to the management and governance of MURBS.

Eligibility

  1. Must be employed by the University on permanent terms
  2. Must be an Active Member of the Scheme (currently contributing to the Scheme) and appear on the Official Register of the MURBS Active Membership as at 30th April 2021.
  3. Must be willing to commit time to trainings and other ambassadorial activities organised by the Scheme.

Mode of training for 4th Cohort of Ambassadors

Training for this (4th) Cohort of Ambassadors is envisaged to be conducted over the zoom online platform only, due to Covid-19 restrictions. The Scheme does not envisage any face-to-face interactions.

Tenure of Office & Termination or Withdrawal

There is no tenure of office for the Departmental Ambassador. As long as a member is willing to continue serving as an Ambassador, and the Ambassador continues to satisfy the eligibility criteria above, she or he will remain a MURBS Ambassador.

How to Apply

Interested members should complete the MURBS Departmental Ambassador Application Form 01-0218. The completed Form together with the requested attachments should be sent to info[at]murbs.mak.ac.ug and copy to wilber.naigambi[at]mak.ac.ug no later than 5:00 p.m. on Monday, 14th June 2021. We discourage hand delivery of applications.

Confirmation/Approval Process

MURBS shall acknowledge receipt of each application received within 12 hours and will respond to the applicants to confirm the status of their application in writing (by e-mail). Upon approval of the application, the name of the approved Ambassador together with the Department and School/Unit will be updated on the list of the MURBS Departmental Ambassadors in the Group 4 category and published on the MURBS website.

NOTE: There is no limit as to the number of ambassadors that MURBS can have in a department.

Please see Downloads for the detailed call and application form.

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