Workers and employers will start feeling the impact of new pension contribution rates this month after the National Social Security Fund (NSSF) asked employers to comply with the law raising monthly contributions immediately.
Workers and employers will start feeling the impact of new pension contribution rates this month after the NSSF asked employers to comply with the law raising monthly contributions immediately.
This follows a Court of Appeal ruling allowing the implementation of the new rates that raise contributions by at least 80 per cent.
Development partners, led by the World Bank, have also supported the increase, stating last year that the Sh200 monthly contribution was low.
Workers and employers will start feeling the impact of new pension contribution rates this month after the National Social Security Fund (NSSF) yesterday asked employers to comply with the law raising monthly contributions immediately.
This follows a Court of Appeal ruling allowing the implementation of the new rates that raise contributions by at least 80 per cent.
