The imminent third year of implementing the NSSF Act 2013 is here and it’s a tough pill to swallow for both employers and employees. Since the first year of implementation in 2023, NSSF contributions have been gradually increasing, and this year, we’ll see a 100% jump from Kes. 4,320 to Kes. 8.640 as from February 2025.
For employers, this translates to higher operational costs, tightening already stretched budgets. For employees, it means shrinking disposable income, further straining their already battered purchasing power. Yet, at the heart of these changes lies a critical goal—ensuring every Kenyan employee secures financial stability in retirement.
What does this mean for your pay slip? How can you comply? Dive into our in-depth article, where @Stella Muraguri and @Michael Muya break down the numbers, the impact, and the way forward.