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Monday, November 28, 2016

NSSF holding on to Sh750m from unknown contributors

NSSF has blamed the suspense account on employers who fail to make monthly returns. PHOTO | FILE
NSSF acting managing trustee Anthony Omerikwa blames the suspense account on employers who fail to make monthly returns. PHOTO | FILE 
By DAVID HERBLING, hdavid@ke.nationmedia.com
In Summary
  • The National Social Security Fund (NSSF) was holding the cash in a suspense account as at June 2015...
  • The act is in breach of Kenya’s pension rules requiring all schemes to maintain proper records identifying the worker and amount contributed.

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