Payslips shrink as new NSSF rates take effect

Millions of Kenyan employees will see their take-home pay shrink end of February when the fourth and final phase of higher National Social Security Fund (NSSF) pension contribution takes effect, a move employers warn will squeeze workers who are already grappling with a high cost of living.

The Federation of Kenya Employers (FKE) said the mandatory hike, while supporting long-term savings, presents a “significant issue” for disposable income, amid concerns of a mounting burden from multiple statutory deductions.

Uncover the stories others won’t tell. Subscribe now for exclusive access

Continue Reading

Unlimited access to all premium content
Uninterrupted ad-free browsing experience
Mobile-optimized reading experience
Weekly Newsletters
MPesa, Airtel Money and Cards accepted

Already a subscriber? Log in

`;
} else {
teaserEl.innerHTML = “”;
}

activeEl.innerHTML = “”;
paywallEl.style.display = “block”;

} else if (now >= saleStart && now <= saleEnd) {
paywallEl.style.display = “none”;

var diffToEnd = saleEnd – now;
var totalSeconds = Math.floor(diffToEnd / 1000);
var days = Math.floor(totalSeconds / (24 * 3600));
var hours = Math.floor((totalSeconds % (24 * 3600)) / 3600);
var minutes = Math.floor((totalSeconds % 3600) / 60);
var seconds = totalSeconds % 60;

activeEl.innerHTML = `

Offer ends in…

${days}Days
${String(hours).padStart(2,’0′)}Hours
${String(minutes).padStart(2,’0′)}Minutes
${String(seconds).padStart(2,’0′)}Seconds

Subscribe Now & Save

`;
} else {
teaserEl.innerHTML = “”;
activeEl.innerHTML = “”;
paywallEl.style.display = “block”;
}
}

function formatTime(ms) {
let totalSeconds = Math.floor(ms / 1000);
const days = Math.floor(totalSeconds / (3600 * 24));
totalSeconds %= 3600 * 24;
const hours = Math.floor(totalSeconds / 3600);
totalSeconds %= 3600;
const minutes = Math.floor(totalSeconds / 60);
const seconds = totalSeconds % 60;
return `${days}d ${hours}h ${minutes}m ${seconds}s`;
}

updateFlashSale();
setInterval(updateFlashSale, 1000);

Follow The Standard
channel
on WhatsApp

Millions of Kenyan employees will see their take-home pay shrink end of February when the fourth and final phase of higher National Social Security Fund (NSSF) pension contribution takes effect, a move employers warn will squeeze workers who are already grappling with a high cost of living.

Follow The Standard
channel
on WhatsApp