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Pension funds want SMEs exempted from NSSF rule
Retirement Benefits Authority CEO Charles Machira speaks during the Association of Retirement Benefits Schemes (ARBS) meeting where stakeholders discussed the future of Kenya’s retirement benefits sector at Radisson Blu Hotel, Nairobi Upper Hill on March 14, 2025.
Photo credit: Wilfred Nyangaresi | Nation Media Group
Pension schemes want small and medium enterprises (SMEs) exempted from approvals by the Retirement Benefits Authority (RBA) when seeking to move contributions out of the National Social Security Fund (NSSF) into private schemes.
Employers currently require the regulator’s nod to shift the higher deductions known as tier II from the State-backed NSSF.
