Starting February 2024, NSSF will deduct an amount ranging between Ksh.420 and Ksh.1,740 from employees’ pay-slips. According to a document from NSSF outlining the updated rates, the lower earnings limit, representing the minimum pensionable salary, has been raised to Ksh.7,000 from the current Ksh.6,000.
For this category of employees, the contribution will now be Ksh.420, up from the current Ksh.360. Simultaneously, the Upper Earnings Limit has been increased to Ksh.29,000 from Ksh.18,000. Consequently, most workers will now contribute Ksh.1,740, compared to the previous Ksh.1,080. Employers will continue to match each contribution, as per the existing practice. These rates will remain effective until the next review in January 2025.
This new deduction plan, initiated last year, will incrementally raise rates over a five-year period. It is essential to remit contributions to the Fund by the 9th day of each subsequent month. Employers are encouraged to contact the Fund for any clarification, as the dedicated team is committed to assisting employers in achieving compliance with the NSSF Act.
The Fund expresses gratitude to employers who have consistently remitted their workers’ contributions since the operationalization of the NSSF Act in 2013.
How new NSSF contributions will affect workers in different salary scales
| Salary scale | Current contribution | New contribution |
| 10,000 | 600 | 600 |
| 18,000 | 1,080 | 1,080 |
| 20,000 | 1,080 | 1,200 |
| 30,000 | 1,080 | 1,800 |
| 36,000 | 1,080 | 2,160 |
| 50,000 | 1,080 | 2,160 |
| 100,000 | 1,080 | 2,160 |
