Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
No Result
View All Result
Sharp Daily
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us
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

Rising costs push hundreds of firms to exit NSSF scheme

March 17, 2026

NSSF early pension access proposal

February 13, 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

Analysis

QVSE Investment Scam: How Kenyans Lost Billions in Fake Trading Scheme

September 24, 2026
Business

Quickmart NSE Listing Signals Strong Growth

September 24, 2026
Business

NSE market capitalisation falls as investors sell blue-chip stocks

September 24, 2026
News

What Moves Markets

September 23, 2026
News

Quickmart set for NSE listing as Adenia backed retailer plans 50% stake sale

September 23, 2026
News

Liquidity Risk: Why the Ability to Exit an Investment Matters

September 21, 2026

LATEST STORIES

QVSE Investment Scam: How Kenyans Lost Billions in Fake Trading Scheme

September 24, 2026

Anthropic releases Claude Opus 5.5 with 1 million token context

September 24, 2026

Quickmart NSE Listing Signals Strong Growth

September 24, 2026

NSE market capitalisation falls as investors sell blue-chip stocks

September 24, 2026

What Moves Markets

September 23, 2026

Quickmart set for NSE listing as Adenia backed retailer plans 50% stake sale

September 23, 2026

Apple weighs Stablecoins integration for Apple Pay,as Cytonn push digital dollars mainstream

September 22, 2026

TikTok set to begin withholding tax on Kenyan creator payouts

September 21, 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
  • News
  • Business
  • Technology
  • Real Estate
  • Opinion
  • About Us

Sharp Daily © 2024