Sharp Daily
No Result
View All Result
Saturday, March 7, 2026
  • 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

Atwoli defends NSSF contributions amid political debate

Teresiah Ngio by Teresiah Ngio
February 5, 2025
in News
Reading Time: 2 mins read
COTU Secretary-General Francis Atwoli has called for the full implementation of the National Social Security Fund (NSSF) Act of 2013, emphasizing its importance for the long-term financial security of Kenyan workers. Atwoli expressed concern over what he described as misinformation and political narratives surrounding the rollout of the NSSF contributions.

In a statement, Atwoli clarified that NSSF is not a tax but a savings scheme aimed at providing workers with financial support during retirement. “Unfortunately, many of those politicizing NSSF benefit from superior pensions or enjoy income from their numerous business ventures. Any attempts to politicize or misrepresent the revised NSSF contribution rates, which were legally enacted in 2013, only mislead the public, hinder compliance, and jeopardize workers’ long-term financial security,” he said. Atwoli urged Kenyans to ignore any opposition to contributions to the social security fund.

He also highlighted that social security is a fundamental human right as outlined by both the International Labour Organization and Kenya’s constitution. “Anyone who genuinely cares about workers should fully support NSSF in its mission to eliminate old-age poverty by ensuring that every Kenyan saves for retirement,” Atwoli emphasized.

Trade unions in Kenya have also pointed out that the country lags behind its East African Community (EAC) counterparts in social security contributions. Kenya’s NSSF contribution rate is set at 12% (6% from the employer and 6% from the employee), while Uganda mandates 15% (10% from the employer and 5% from the employee), and Tanzania sets a contribution rate of 20% (10% from both the employer and employee).

Atwoli’s statement was a response to recent remarks from Deputy President Rigathi Gachagua, who called for a push to remove certain deductions from Kenyan payslips, including the recent doubling of NSSF contributions for salaried workers. Atwoli emphasized that those who genuinely support workers’ interests advocate for better social protection, particularly after retirement.

RELATEDPOSTS

NSSF early pension access proposal

February 13, 2026

NSSF unveils Sh30 billion city centre development targeting live-work urban model

February 6, 2026
Previous Post

Gachagua claims Ruto offered KES 2 billion to resign

Next Post

Self-love & financial freedom: Invest in yourself with CMMF

Teresiah Ngio

Teresiah Ngio

Related Posts

News

Stima DT Sacco Posts Higher Earnings as Assets Climb Toward Kshs 80.0 bn

March 6, 2026
Analysis

Absa bank kenya raises dividend after profit climbs to sh22.9 billion

March 6, 2026
News

World Bank backs Sh65 billion upgrade of Nairobi commuter rail network

March 6, 2026
Analysis

BAT announces MD exit as Sidney Wafula takes over leadership

March 6, 2026
News

Treasury releases Sh2 billion to restore police insurance cover

March 6, 2026
News

Alternative Investments in Modern Portfolio Construction

March 6, 2026

LATEST STORIES

Stima DT Sacco Posts Higher Earnings as Assets Climb Toward Kshs 80.0 bn

March 6, 2026

ALP Industrial REIT Hits 98.5% in USD 30M Offer

March 6, 2026

Absa bank kenya raises dividend after profit climbs to sh22.9 billion

March 6, 2026

2025 Kenya’s Pension Industry Performance

March 6, 2026

World Bank backs Sh65 billion upgrade of Nairobi commuter rail network

March 6, 2026

BAT announces MD exit as Sidney Wafula takes over leadership

March 6, 2026

Treasury releases Sh2 billion to restore police insurance cover

March 6, 2026

Alternative Investments in Modern Portfolio Construction

March 6, 2026
  • 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