President William Ruto has insisted that the government is keen on enhancing the retirement savings alluding to have discussions and reforms around the current rate of retirement contribution to the National Social Security Fund (NSSF) of Sh200 a month for decent retirement earnings.
He held a stakeholders meeting with the College of Insurance, Association of Pension Trustees and Administrators of Kenya (APTAK), Special Envoy of the United Nations Secretary General to the Great Lakes Region Huang Xia and the business community and development partners on the drought situation in the country among other projects.
“Our ultimate goal is to create employment and improve the living standards of millions of underprivileged Kenyans…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,” observed the President.
He noted that the appropriate legal framework will be put in place to improve the retirement prospects and well-being of millions of workers.
Ruto, in a separate meeting with Special Envoy of the United Nations Huang Xia, stated that the country is committed to regional peace and stability and will continue to support the quest for peace in the Democratic Republic of Congo and the rest of the region as the special envoy said the UN supports the peace process and will gather a technical team to assist during the talks.
“A political process to sort out the grievances need to go on alongside peace enforcement,” he said.
During a meeting with the business community and development partners on the drought situation in the country, the President said the situation was still dire especially in 20 counties due to crop failure as a result of failed rains.
“We must consolidate our solution to the situation. We are still requesting for more funds targeting more immediate response, the government will continue offering support to farmers to produce more food,” he said.
