T
Originally published by The Standard BusinessSeptember 18, 2025
3h ago
Workers' retirement plans at risk as unremitted pensions shoot to Sh14 billion
Unremitted contributions to pension schemes more than doubled to Sh14 billion as businesses struggled with the second phase of enhanced deductions to the NSSF that kicked in February 2024...
✨ Key Highlights
Workers' retirement plans in Kenya are at risk as unremitted pension contributions have significantly increased, now totaling Sh14 billion. This surge comes as businesses grapple with enhanced deductions to the National Social Security Fund (NSSF), impacting the financial security of many retirees.
- Unremitted pension contributions more than doubled to Sh14 billion, up from Sh6.1 billion in the previous period.
- The increase is primarily attributed to the second phase of enhanced deductions to the National Social Security Fund (NSSF), which commenced in February 2024.
- Data from the Retirement Benefits Authority (RBA) also indicates a drastic drop in post-retirement medical funds to Sh249.1 million during this period.
Continue Reading
Read the complete article from The Standard Business
