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Originally published by The Standard Business
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September 18, 2025
5d ago

Unremitted pensions shoot to Sh14 billion

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

Unremitted pension contributions in Kenya have surged to Sh14 billion, largely due to challenges faced by businesses in implementing the second phase of enhanced NSSF deductions. This increase represents a significant jump from Sh61.8 billion in 2023 to Sh69.4 billion in 2024 in overall unremitted contributions.

  • Unremitted pension contributions more than doubled to Sh14 billion after new NSSF deductions began in February 2024.
  • Data from the Retirement Benefits Authority (RBA) shows post-retirement medical funds drastically dropped to Sh249.1 million during the same period.
  • This rise underscores the financial strain on businesses adapting to heightened social security contributions.

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