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NSSF Proposed contributions
maka
#21 Posted : Monday, July 22, 2013 7:47:02 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
newfarer wrote:
maka wrote:
Wendz wrote:
maka wrote:
washiku wrote:
#‎NSSF‬ BOSS ‪#‎TomOdongo‬ sacked; Labour Secretary ‪#‎KazunguKambi‬ says he should vacate office immediately and hand over to Corporation Secretary.


The Cabinet Secretary for Labour
Kazungu Kambi on Monday
terminated the services of National
Social Security Fund (NSSF) boss Tom
Odongo. Mr Kambi cited no reasons
for the decision to sack the NSSF
managing trustee, but directed that
he should vacate office immediately

Mr Odongo was asked to hand over to
the corporation secretary Ms Hope
Mwashumbe.
Hapa kuna court case...


Whaaaat? Kwani what has happened now?


Kazungu Kambi is mad...if this goes to court he will get 12 months salo as statutory compensation for unfair termination, one months salary for every year worked and his pension

maka which ACT are you quoting?hope its not employment act 2007 which to me as an employee is a useless piece of legislation


I dont think its useless.Anyone who has acted for an employer at the Industrial Court knows it is really benefitting employees...those surviving on the lower pay bracket though.
possunt quia posse videntur
McReggae
#22 Posted : Monday, July 22, 2013 9:49:05 PM
Rank: Elder

Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
Seems Kazungu Kambi is preparing ground for the billions......
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
tutebeng
#23 Posted : Tuesday, August 27, 2013 5:15:15 PM
Rank: Member

Joined: 10/29/2009
Posts: 40
NSSF contributions, under the new NSFF Bill (2013) have been enhanced over NSSF Bill (2012) in ways that make the new Bill more than just contributions.

In effect if you are an employer pension contributions are to go up by approximately 6% of your wage bill.

Second, the definitions of employer and employee are very expanded. For instance employers means an employer with one or more than 1 employee and is required to contribute to the NSSF the employer contribution and deduct as well as remit the employees contribution. The definition of employee is very expanded right now.

Pension contributions are now pegged at a minimum of 12% of earnings.
guru267
#24 Posted : Tuesday, August 27, 2013 5:44:04 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
If Warren Buffet can run Berkshire Hathaway with only 13 employees then NSSF should emulate this given they are in the same business!

Admin costs at our dear NSSF must not exceed 200million per year and this equates to about 25-30 employees maximum!
Mark 12:29
Deuteronomy 4:16
King G
#25 Posted : Tuesday, August 27, 2013 6:44:38 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Self employed tuko sawa with our personal pensions schemes; poleni huko NSSF!!! Hii pia ni ya shina ama? No wonder Odongo was thrown out haraka haraka mara hiyo hiyo!!!
Thieves
2012
#26 Posted : Tuesday, August 27, 2013 7:13:43 PM
Rank: Elder

Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
Good idea, bad vehicle. I especially like the 15% contribution by employers but corruption nayo huko NSSF? I also don't like that Ruto is backing it up at a time when the Gov is not doing well financially.

BBI will solve it
:)
King G
#27 Posted : Tuesday, August 27, 2013 8:28:42 PM
Rank: Elder

Joined: 6/20/2012
Posts: 3,855
Location: Othumo
2012 wrote:
Good idea, bad vehicle. I especially like the 15% contribution by employers but corruption nayo huko NSSF? I also don't like that Ruto is backing it up at a time when the Gov is not doing well financially.


Jokes aside, this thing will cripple employers wacha tu. and then ati 15% contibution to NSSF; boss d'oh! d'oh! d'oh!
Thieves
maka
#28 Posted : Tuesday, August 27, 2013 9:16:30 PM
Rank: Elder

Joined: 4/22/2010
Posts: 11,522
Location: Nairobi
guru267 wrote:
If Warren Buffet can run Berkshire Hathaway with only 13 employees then NSSF should emulate this given they are in the same business!

Admin costs at our dear NSSF must not exceed 200million per year and this equates to about 25-30 employees maximum!

Hapo umegonga ndipo...
possunt quia posse videntur
tutebeng
#29 Posted : Wednesday, August 28, 2013 4:27:14 PM
Rank: Member

Joined: 10/29/2009
Posts: 40
The proposal is 6% employer and 6% employee total 12%.Self employed persons are place in an awkward situation especially if they have employees. The way it looks the best is to push for improved management of NSSF and less circus. Individuals with occupational schemes or in personal pension plans have a partial opt-out option.
tutebeng
#30 Posted : Wednesday, August 28, 2013 4:28:31 PM
Rank: Member

Joined: 10/29/2009
Posts: 40
maka wrote:
guru267 wrote:
If Warren Buffet can run Berkshire Hathaway with only 13 employees then NSSF should emulate this given they are in the same business!

Admin costs at our dear NSSF must not exceed 200million per year and this equates to about 25-30 employees maximum!

Hapo umegonga ndipo...

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