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Atwoli defends 'viable' NSSF pension scheme

11 December 2013, 11:56

Nairobi - The  Central Organization of Trade Union (COTU) boss, Francis Atwoli, has defended the new pension scheme by the National Social Security Fund (NSSF) as viable and safe for all Kenyans.

The pension scheme that seeks to increase the percentage pension deducted from each employee’s income from 3 percent to 6 percent has come under a lot of criticism from many quarters across the country.

Opinion from the public had also earlier indicated that many Kenyans were not supportive of it.

However, after many scholars’ opinions regarding the importance of saving more in preparation for retirement, the new scheme had appeared to be attracting positive reactions from the public.

Atwoli praised the scheme and urged locals to accept the 3 percent increase saying their money would be “in good hands.”

He also reacted to the newly elected secretary of the Kenya National Union of Teachers (KNUT).Wilson Sossion cautious views regarding the new NSSF scheme.

“KNUT is not registered member of the NSSF scheme and therefore they do not understand anything. They should let Kenyans also save for retirement as they are doing within their union,” said Atwoli.

Sossion had earlier requested President Uhuru Kenyatta not to assent to the scheme, terming it as “exploitory” to Kenyans with low income.

The scheme is yet to be implemented as it awaits official consent of the government and the President.

- CAJ News


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