The plan to enable substantive savings through the National Social Security Fund (NSSF) makes plenty of sense. It will not just secure the workers’ financial position in their retirement, but will also boost the economy.
The only problem is the way it is being implemented. A tenfold increase in the workers’ contributions that employers will have to match takes effect this month.
This will see a substantive reduction in workers’ earnings at a time when they are grappling with a high cost of living.
The plan to enable substantive savings through the National Social Security Fund (NSSF) makes plenty of sense. It will not just secure the workers’ financial position in their retirement, but will also boost the economy.
The only problem is the way it is being implemented. A tenfold increase in the workers’ contributions that employers will have to match takes effect this month.
