Unremitted contributions to pension schemes more than doubled to Sh14 billion as businesses struggled with the second phase of enhanced deductions to the National Social Security Fund (NSSF) that kicked in February 2024.
Data from the Retirement Benefit Authority (RBA) also shows that this is the period post-retirement medical fund dropped drastically to Sh249.1 million.
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Unremitted contributions to pension schemes more than doubled to Sh14 billion as businesses struggled with the second phase of enhanced deductions to the National Social Security Fund (NSSF) that kicked in February 2024.
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By Graham Kajilwa