Ole Lenku wrote:I want to thank the PORK for signing that bill. Workers should not complain about paying 6% of their gross salary to NSSF. Your advisers must be proud of themselves. If we continue at this pace, Kenya will trult be a great country. Long live PORK.
I do not share your happiness about this bill and for a number of reasons. First, against your wish, the new scheme is not optional. As a result, many employers who have private schemes for their workers are likely going to drop these in favor of NSSF so as to save on labor costs. Note that there are workers who already have superior schemes and many of these are likely going to lose out. Already, this is happening at my place of work. Worse still, I do not think the rampant corruption at NSSF is going to end overnight and I therefore totally dislike the idea of being forced to deposit 12% of my earnings as savings with them. I also pity many employers because of the sudden increase in labor costs if the bill is implemented. Also, a good section of employees in Kenya live from hand to mouth and deducting 6% of their pay will certainly condemn them to more misery. In fact, we may experience a clamor for salary increments by workers to cover for the deductions thus further pushing up labor costs.