Lower net income for employees, starting with govt, in Housing Fund plan: Pres. Ruto
President William Ruto has proposed a deduction in employees’ disposable income by 3 per cent that will be contributed towards the Housing Fund.
In Ruto’s statement, all civil servants would be deducted 3 per cent from their salary and the same contributed towards the Housing Fund.
Ruto was speaking at Friends Church (Quakers), Donholm, Nairobi where he attended his Sunday service accompanied by other leaders.
Ruto has proposed that each Kenyan contribute 3% of their income to the Housing fund. Each employee contributing 3% will be matched by the employer’s 3% contribution.
The head of state added that for all government employees who will contribute 3% of their salary to the Housing Fund, the government will give them 3% every month.
“Na sisi tutaanza kama serikali. All government employees, kila mfanyikazi ambaye atatoa sehemu ya mshahara wake, 3%, kwa mambo ya Housing an sisi kama serikali tutampatia 3% kwa salary yake,” said the President.
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