The National Social Security Fund (NSSF) in Kenya will implement contribution rate adjustments affecting workers’ pay slips starting February 2024. The minimum pensionable salary is raised from Ksh.6,000 to Ksh.7,000, leading to increased contributions for affected teachers and other employees .
Employees in the lower earnings limit category will see their contributions rise from Ksh.360 to Ksh.420. Simultaneously, the Upper Earnings Limit has been raised to Ksh.29,000 from Ksh.18,000, resulting in most workers contributing Ksh.1,740, up from Ksh.1,080, with employer matching.
This NSSF Contribution Adjustments is part of a five-year plan to incrementally raise rates, effective until the next review in January 2025. A table comparing current and new contributions for different salary levels emphasizes employer matching.
Employers are reminded to adhere to the new rates from February 2024, with the NSSF emphasizing its role in providing social protection, aligning with the NSSF Act of 2013 and Article 43 of the Kenyan Constitution. Contributions should be remitted by the 9th day of each month, with NSSF support available for inquiries.
The NSSF expresses gratitude to consistent contributors since 2013, highlighting their crucial role in providing social security to workers across Kenya.
