The Treasury has formally proposed changes to the Employment Act to allow deductions of three percent from employees' basic pay to help fund President William Ruto’s ambitious plan to build low-cost homes.
Treasury CS Njuguna Ndung’u has, however, capped the proposed deductions, which will be matched by employers, at Sh5,000 in what is largely a reintroduction of a policy rejected during retired President Uhuru Kenyatta’s administration.
