Sharp Daily
No Result
View All Result
Saturday, June 28, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Lawyer moves to court to challenge hiked NSSF deductions

Faith Chandianya by Faith Chandianya
January 16, 2024
in News
Reading Time: 2 mins read

The government’s bid to augment revenue through the National Social Security Fund (NSSF) encountered a setback after Attorney Ndegwa Maina petitioned the court to halt the proposed heightened deductions scheduled for implementation in February 2024.

In a filing submitted to the High Court, Ndegwa urgently requested the case’s certification as a matter of priority. Key officials, such as Labour Cabinet Secretary Florence Bore and Social Protection Principal Secretary Joseph Mogosi Motari, have been identified as respondents by Ndegwa.

Additionally, respondents encompass entities such as the NSSF Board and Attorney General Justin Muturi. In his assertion before the High Court, Ndegwa contended that the government’s decision to augment deductions was misguided, particularly given the prevailing challenges faced by numerous Kenyans grappling with elevated living costs.

He further communicated to the court that salaried individuals in Kenya were already encumbered by various statutory deductions.

RELATEDPOSTS

Still sending tier II contributions to NSSF by default? Time to reconsider.

June 13, 2025

Seven deals to propel Kenya’s economic growth

April 28, 2025

“Burdened Kenyans have minimal earning capacity, and unless this honorable court intervenes, the employed cadre of Kenyans will continue to suffer immensely,” he told the Milimani-based court.

If the High Court rejects Ndegwa’s petition, Kenyans are set to incur new deductions ranging from KES 420 to KES 1,740. This outcome is a consequence of the enforcement of the 3rd Schedule outlined in the NSSF Act Cap. 45 of 2013. The schedule incrementally elevates mandatory pension contributions by employees, determined by earnings limits.

NSSF contributions will increase from KES 200.

Previous Post

Tropic Air threatens to liquidate Old Mutual over US$3 million debt

Next Post

DPP issues 10 charges against Mackenzie after court ultimatum

Faith Chandianya

Faith Chandianya

Related Posts

News

Private vs Public Pension Funds in Kenya

June 27, 2025
Investments

Investor shift to long term bonds drives oversubscription in CBK’s reopened auction

June 19, 2025
News

The real price of Israel – Iran Conflict for Kenya.

June 19, 2025
Economy

Resilient but strained: Kenyan firms speak out in May 2025 CEO survey.

June 19, 2025
News

Co-op Bank posts KES 6.9 billion profit in Q1’2025

May 16, 2025
Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025

LATEST STORIES

Private vs Public Pension Funds in Kenya

June 27, 2025

The mechanics of currency manipulation

June 27, 2025

Understanding how to access your pension savings in Kenya.

June 27, 2025

What happened to president Ruto’s economic dream?

June 27, 2025

Opinion: Populism feeds votes, not growth

June 27, 2025

Competitive advantages of small businesses

June 26, 2025

Opinion: Invest in sports for national prosperity

June 26, 2025

Ethiopia’s access to Eritrean ports is a game-changer for trade

June 26, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024