New NSSF Rates - Benefits

That under the new National Social Security Fund (NSSF) Act, you can now enjoy the following benefits for an even better future; for just a small fraction of your earnings: Access to mortgage facilities Retirement pension Invalidity pension Survivors‘ benefit Funeral grant Emigration benefit  


New NSSF Rates - Member Obligations

That under the new National Social Security Fund (NSSF) Act, every employee upon employment is required to furnish his/ her employer with accurate  personal details Register as a member of NSSF (once) Where previously registered, produce his/her membership card/evidence of registration to a new employer  Furnish to the Fund and regularly update his/her particulars and their dependents Keep membership card in safe custody


New NSSF Rates - Employer Obligations

That under the new National Social Security Fund (NSSF) Act, every employer who engages one or more employees is required to promptly register with NSSF as a contributing employer;  Ensure prompt registration of all employees as members of NSSF; Promptly deduct and remit contributions in full by the 15th day of the following month. Late payments of mandatory contributions shall attract a penalty at the rate of 5% of the […]


Facts about the New NSSF Rates

That the new National Social Security Fund (NSSF) member contributions have increased to grow your foundation for an even better future. Employees contributions range from 360 shillings to a maximum of 1080 shillings per month for the first year. Employers will also be contributing an equal amount as yours towards your future. Voluntary contributor: Your minimum monthly contributions are now 200 shillings, up from 100 shillings.


New NSSF Member Contributions

The National Social Security Fund (NSSF) ACT No. 45 of 2013 was assented on 24 December 2013 with the effective date of commencement being 10 January 2014 (Download the Act). Consequently, employers are advised to make arrangements to submit their contributions in accordance to the new NSSF Act as outlined below.   Computation Guidelines For the purposes of the Act, the Upper Earning Limit (UEL) will be KES. 18,000 while […]