NSSF: Notice to employers on the updated NSSF rates
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About new NSSF updated rates
According to a notice by the fund, employers will now have to deduct between Sh420 and Sh1,740 from their workers’ pay-slips.
The notice further indicated that lower earnings limit or the amount that is considered the lowest pensionable salary has been raised to Sh7,000 up from the current Sh6,000.
This category of employees will now contribute Sh420 from the current Sh360.
The Upper Earnings Limit has also been hiked to Sh29,000 from the current Sh18,000, meaning that most workers’ will contribute Sh1,740 up from Sh1,080.
As has always been the case, each contribution will be matched by the employer.
