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The Standard e-Paper
Kenya's Bold Newspaper
The Court of Appeal has upheld a ruling blocking enforcement of the NSSF Act, 2013, meaning Kenyan workers and employers will continue paying the lower Sh200 monthly contribution.
NSSF Tier II should be viewed as a deferred income, your personal retirement savings, and both employers and employees should take a close interest in how and where this money is invested.
NSSF posted a record 17% return on member savings and aims to grow its fund to Sh1 trillion by 2027, despite concerns that higher mandatory contributions could reduce workers’ take-home pay.
New NSSF rates...
Atwoli argued that recent remarks by the employers’ lobby on NSSF deductions neither represent workers nor reflect a genuine understanding of their lived realities.
Millions of Kenyan employees will see their take-home pay shrink end of February when the fourth and final phase of higher NSSF pension contribution takes effect
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