ADVOKS GLOBAL · KENYA
National Social Security Fund Act
20. Mandatory Contributions to the Fund
Edition: 2022-12-31 · In force
20. Mandatory Contributions to the Fund
(1)From the commencement date and subject to the provisions of subsection (3) and section 21, an employer shall pay to the Pension Fund in respect of each employee in his or her employment—(a)the employer’s contribution at six per centum of the employee’s monthly pensionable earnings; and(b)the employee’s contribution at six per centum of the employee’s pensionable earnings deducted from the employee’s earnings.(1A)An employer shall pay the contribution under subsection (1) on the ninth day of each month or on such later date as the Board may, in consultation with the Cabinet Secretary, prescribe.(2)Notwithstanding the provisions of subsection (1), the contributions in the first five years shall be deducted in accordance with the Third Schedule.(3)Tier I contributions shall be credited to the employee’s Tier I Fund Credit and, subject to the provisions of section 21, Tier II contributions shall be credited to the employee’s Tier II Fund Credit.