Atwoli thumbs up for proposed NSSF scheme
05 December 2013, 13:13
Nairobi - Cotu Secretary General Francis Atwoli has given a thumbs up to the proposed 2013 NSSF bill.
The bill will become law if President Uhuru Kenyatta ascents to it and one of the striking features is the increase in monthly contributions which will rise to 6% of total gross salary from the current blanket rate of KES 200.
The sharp increase has brought about varying views with some saying it is too much in the current economic climate and others arguing that it is beneficial especially to the low income earners.
According to Atwoli though, the bill is a must have considering majority of Kenyans have no pension scheme in place.
" I support it in its entirety. It is a bill we have been waiting for and one that will liberate Kenya's working poor, he said.
" Cotu as an organization has been behind the push for a law of its kind since we believe it is a much needed pension scheme for the low income workers especially, he added.
The bill provides for a monthly pension pay package for retirees as compared to a one off payment which Atwoli says will liberate workers.
The bill was passed by parliament Wednesday and is awaiting President Kenyatta's say.
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