President William Ruto has said the Government is keen on enhancing the retirement savings by people engaged in gainful employment.
He said the current rate of retirement contribution to National Social Security Fund (NSSF) of Sh200 a month cannot generate decent retirement earnings. He noted that appropriate legal framework should be put in place to improve the retirement prospects and well-being of millions of workers. “We will design incentives to mobilise funds that can be invested in government instruments that finance productive capital projects and improve the provision of social services throughout the country,” he noted.
He was talking on Friday at the School of Protection in Nairobi Region during the Relationship of Annuity Legal administrators and Chairmen of Kenya partners meeting.
The President made sense of that his organization was keen on striking a recipe for making accessible reasonable supporting in adequate sums to finance improvement projects on an extraordinary scale, while simultaneously making appealing venture.
"Our definitive objective is to make business and work on the expectations for everyday comforts of millions of oppressed Kenyans," he said.
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