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Higher NSSF deductions start this month: What the payslip will look like
The NSSF Act, 2013 provides leeway to pay Tier II contributions to a contracted-out scheme for employers who have already established occupational schemes or are contributing to an umbrella or individual schemes (contracted-out schemes).
The third year of implementation of the National Social Security Fund Act of 2013 starts this month and brings with it an increase in contributions.
This is because Tier I contributions will now be calculated based on Sh8,000 up from Sh7,000 while Tier II contributions will be calculated based on 200 percent of the National Average Earnings, currently set at Sh36,000 per month.
