Kenyan workers Earning Ksh 50,000 will Be Deducted An Estimated Ksh 10,503 According To Ruto’s Orders.
Workers in Kenya have received bad news after the newly formed government finalized plans to reduce salaries in order to raise more funds for the state. President William Ruto’s push to increase revenue and reduce borrowing risks is lowering formal-sector workers’ take-home pay even further.
Workers will be required to contribute up to 6% of their earnings to the National Social Security Fund on a monthly basis (NSSF).
The NHIF budget has also been increased, so program participants will have to pay more money. According to data compiled by The Star, a worker earning Ksh 50,000 will have Ksh 10,503 deducted from his or her pay each month.
Another category will see a ksh 179,000 cut. For those earning more than Ksh 500,000 per month.
The following is a detailed breakdown of how workers will be deducted. This means that workers who have been contributing Ksh 200 to NSSF on a monthly basis will be forced to dip into their pockets to implement Ruto’s plan.
Ruto’s directives come at a time when many Kenyans are struggling to make ends meet due to the high cost of ‘unga’ and fuel.
Ruto admitted that it will take some time for the price of unga to fall. He stated that the country’s manufacturing sector had been neglected for four years and that it would take him up to a year to rectify the situation.