While in the United Kingdom, Deputy President William Ruto criticized a number of issues, including Kenya's National Social Security Fund. According to Deputy President William Ruto, every Kenyan pays Ksh 200 to the National Social Security Fund (NSSF) as a pension. This amount of money, according to the DP, is a joke.
"It should come as no surprise that today every Kenyan pays Ksh 200 to the National Social Security Fund (NSSF) for their pension. What type of savings can you make with Ksh 200? This is a joke, but it happens all the time in Kenya." According to DP Ruto.
William Ruto, Kenya's Deputy President, went on to compare Kenya's social security plan to Uganda's pension plan. According to Deputy President William Ruto, every Ugandan contributes ten percent of their salary to the Society Security Fund as a pension. He goes on to say that this money is charged first on the payslip. As a result, DP Ruto claims that Uganda has created East and Central Africa's largest social security fund. Despite the fact that Uganda's GDP is smaller than Kenya's, this is the case.
"I dispatched our minister of social security to Uganda, where I learned that residents contribute 10% of their earnings to the social security fund, while the government contributes 5%. The money is frequently taken out of their paychecks. Uganda has thus built East and Central Africa's largest Social Security Fund. Uganda's economy is only 30% that of ours, yet it has the largest social problem "Security," continued the Deputy President.
Here is the link https://youtu.be/ds-xzoj3wlo VIDEO (38th minute)
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