Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Kenya. The stories here come from users.

Latest Badges:

Proposed NSSF bill a 'mixed bag' for Kenyans

05 December 2013, 08:12 Eugene Odanga

Nairobi - Kenyans will see their collective earnings shrink if a proposed bill is signed into law by president Uhuru Kenyatta.

The National Social Security Fund NSSF bill is currently awaiting presidential ascent and if it goes through, will see Kenyans part with up to 6% of their monthly earnings.

This will be a huge dent considering earning individuals currently pay a common rate of KES 200.

Further to that, the bill will also see employers forced to pay their employees fees to the body at the end of every month which will either see them pay double in the case of private schemes already in place or stick to one, which might see most opt for NSSF.

An advantage of the new bill though, is that retirees will earn a monthly pension as opposed to a one off payment once they retire from active duty.

And those that do not have private savings funds will also be boosted if the bill is signed into law.

On the other hand, with the prevailing economic climate and the reputation the NSSF holds in the public domain, it could be a risky move for the country.

Robert Oloo, a Nairobi resident believes the bill will be great news for the future generation.

" It is good because the lower earners will be able to have a consolidated fund and again it will help once retired because one can plan on a monthly basis. A lumpsome is dangerous, he said.

On the other hand for the ones with big budgets and shrinking salaries like Evans Kabure, it is not so good news.

" The proposal is good but at the end of the day, where will the extra money we lose on a monthly basis be catered for? We already have small budgets and to think that some more will go away is difficult. Added to that, the NSSF is a corrupt institution as we all know. So will they keep our funds well? he posed.

- News24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Wilson Ochieng
DP Ruto accuses Raila of selling ...

DP Wiliam Ruto has castigated Raila Odinga for seeking western support to fund his 2017 election bid. Read more...

Submitted by
William Korir
Peter Kenneth announces Uhuru 201...

Peter Kenneth has announced that he will support President Uhuru Kenyatta in the 2017 elections. Read more...

Submitted by
Wilon Ochieng
Labour Party to dump both Jubilee...

The Labour Party of Kenya is likely to avoid supportoing both the CORD and Jubilee factions during the 2017 General Elections. Read more...

Submitted by
William Korir
Ukambani MP quits Jubilee, to run...

An Ukambani MP has quit the Jubilee Party, citing voter apathy as his reason behind leaving the ruling coalition. Read more...

Submitted by
Victor Tinto
Government launches probe into Po...

The government has launched an inquiry into the circumstances that could have led to two National Police Service helicopter accidents in August and September this year. Read more...

Submitted by
Wilwon Ochieng
Deputy Governor's ally found with...

The EACC has recovered KES 2 million in fake currency from a close ally of Deputy Governor for Tharaka Nithi Eliud Mati. Read more...