The Supreme Court will today,6th March 2023, give directions in a case in which pensioners seek to stop the state from effecting the National Social Security Fund (NSSF) contributions.
Last month, the matter had come up in court where the Supreme Court’s Registrar Bernard Kasavuli directed the parties in the case to file the required documents before this morning.
The County Pensioners Association moved to the Supreme Court following a decision by the Court of Appeal that set the motion for the NSSF to increase workers’ monthly deductions from March 9, 2023.
The NSSF act increases monthly contributions to the NSSF by 98 per cent (that is from Sh200 to Sh2160).The act provides for further increases in subsequent years.
The association represents 6,000 retirees who were contributors to the local authorities’ pensions trust.
The association says implementing the Act poses a serious threat of monopoly and will impoverish the entire pension industry.
They want the Apex Court to bar the NSSF Board of Trustees, the Retirement Benefits Authority and the Federation of Kenya Employees (FKE) from increasing workers’ monthly deductions.