New NSSF Rates. Following the court of appeal decision on 3rd February 2023 where the National Social Security Fund (NSSF) Act No 45 of 2013 was upheld, NSSF have through a press release on the 9th February 2023 asked all employers to comply with the law in regard to the contribution rates with immediate effect.

The rate of contribution rate is 12% of pensionable earnings split in half, with 6% coming from the employee and 6% coming from the employer.
A ceiling limit of Ksh. 2,160 applies to employees earning KES 18,000 and above. The employee will pay Ksh. 1,080, and their employer will match it.

Employers who have already processed their February 2023 payrolls will need to amend their payrolls to reflect the changes and remit the NSSF contributions by the 9th of March 2023.