Wednesday 24 September 2014

The NSSF Act 2013 - What employers and employees need to know!

President Uhuru Kenyatta assented to the National Social Security Fund Act, 2013 (Act No 45 of 2013) on 24 December 2013. The Act commenced on 10 January 2014.

The Act introduces a Pension Fund and a Provident Fund, provides for contributions to the fund and benefits to be paid out of the fund.

The Act introduces a progressive, wider scope and portable social security system. It also provides for the closure of the old social security system within 5 years.

Download the full Tax Alert below:

East African Tax Consulting
Mobile: +254 722 332729
Contacts: Starlings Muchiri, Samuel Karanja

No comments:

Post a Comment