State to pay pension savings for 15m Jua Kali workers

Jua Kali Artisans who specialize in making Jikos at the workshop located along Landhies Road on May 11, 2022. PHOTO | FRANCIS NDERITU | NMG

The Kenya Kwanza regime has pledged to top up by half the retirement savings made by workers in the informal sector in an ambitious plan aimed at more than doubling national savings in the near term.

President William Ruto said his administration will add a shilling for every Sh2 saved by workers outside the formal sector, up to Sh6,000 every year in a planned drive that targets more than 15 million workers in the Jua Kali sector.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.