NSSF

National Social Security Fund (NSSF) Act 2013 proposed a tenfold increase in workers and employers monthly contribution from a low of KSh 400 to KSh 2160.

We might have a further appeal to the Supreme Court if the necessary threshold will be met. "This will entail a computation guideline on the Upper Earnings Limit (UEL) and the Lower Earnings Limit (LEL). The Court then issued restraining orders against any enforcement of the new Act," Alpha Gakunga, an Advocate of the High Court of Kenya told TUKO.co.ke in an exclusive interview. 45 of 2013, which the According to section 18 (1) of the NSSF Act 2013, the scheme is made up of the Pension Fund and Provident Fund. Section 18(3) directs all members of the provident fund under the old NSSF Act to open a new provident fund. "In its final orders, the Court found that the NSSF Act was null and void on the basis that it was not tabled before the Senate prior to its enactment and it was inconsistent with the Constitution. [Court of Appeal upheld](https://www.tuko.co.ke/business-economy/493464-nssf-contribution-rise-ksh-400-ksh-2k-court-upholds-law/) after the Employment Court termed it unconstitutional. [Business Leaders of the Year 2022](https://www.tuko.co.ke/tags/business-leaders-year-2022/) [NSSF](https://www.tuko.co.ke/283255-nssf-rates-kenya-new-monthly-contributions-interest-2021.html) act was last reviewed in 2001, increasing the monthly contribution from KSh 160 to KSh 200. [Security](https://www.tuko.co.ke/tag/kenya-security/) Fund (NSSF) a minimum of KSh 200 per month. - National Social Security Fund (NSSF) Act 2013 proposing a tenfold increase in monthly contributions got the green light from the Court of Appeal

The increase in pension contributions will be an expensive undertaking to both employers and employees, the Federation of Kenya Employers (FKE) has said.

"In our view, the issue whether the new NSSF Act 2013 satisfied the constitutional threshold of public participation before being enacted into law has not been adequately addressed. "We therefore propose a phased-out approach. The increase in pension contributions will be an expensive undertaking to both employers and employees, the Federation of Kenya Employers (FKE) has said.

Kenyan employers have called on the government to clarify whether the new National Social Security Fund (NSSF) deductions would be effected on basic pay or ...

“We have among the countries with the lowest savings, as a percentage of GDP in our region where people contribute only Sh200. “The Act does not clearly stipulate whether the contributions will be deducted as a percentage of total earnings. FKE argues that employers still hold the view that a pensions scheme is an employer-employee benefit and therefore the Employment and Labour Relations court has the jurisdiction to determine the issues arising out of this employment issue. Raising the pension contributions will be very expensive to both employers and employees and it will impact their take-home pay.” The Federation of Kenya Employers (FKE) says there are issues around the effecting of the NSSF Act 2013 that need to be addressed due to the serious implications it has for employment in our country. “Employers had specific issues with the NSSF Act 2013 that needed to be addressed on whether the deductions would be effected on basic pay or total emoluments, implications on gratuity benefits and the commencement date, among others,” FKE told the Business Daily in an emailed interview.

The Federation of Kenya Employers wants this phased in over five years but it is a good idea if it can be ring-fenced against government intruders. In Uganda, ...

In December, the Labour minister staged a coup and fired Richard Byarugaba, the CEO, on trumped-up charges so that she and others could 'borrow' billions from the NSSF. The only problem is that the NSSF pot in Uganda grew too big and too attractive. At present, employees pay a derisory Sh200 per month to NSSF.

According to NSSF, each of the two members was paid sh312m as an exit package, bringing the total payment to sh624m.

Before the amendment, the board had nine men and one woman. However, the Parliament select committee on NSSF asked the fund to explain the payout to the members and why the two members were asked to leave the board, before the end of their term of office. The National Social Security fund (NSSF) paid sh624m to two board members after the duo was asked to leave the board, following the amendment of the NSSF Act in 2022.