TSC payslip login. After the Unemployment Insurance Bill 2022 was submitted for consideration to the parliamentary budget office on Thursday, August 7, 2023,
salaried Kenyans would now be subject to additional monthly deductions.
Employers and employees will contribute each month to the fund under the legislation that Ikolomani Member of Parliament Bernard Shinali is sponsoring.
In the law, Shinali says that South Africa, where employers and employees each have 1% withheld, served as an inspiration for the Fund.
“The objective of the proposal is to provide for the payment of unemployment benefits to employees who become unemployed or their beneficiaries by proposing to establish the Unemployment Insurance Fund to which both the employer and employee will contribute,” the bill reads in part.
According to Shinali, this will make it easier for unemployed workers to get by during challenging socioeconomic times.
The fund will be replenished in addition to salary deductions by:
- parliamentary appropriations from the federal government,
- county government funding,
- As well as gifts and grants from international organizations.
According to the Bill, the Unemployment Insurance Authority, which will be created by a parliamentary act, will be in charge of the funds.
The Authority will be a body corporate with established rules and laws, a board of nine members, and a chairperson.
The Authority’s functions will include:
- administering the Fund,
- advising the Cabinet Secretary on unemployment insurance policies and legislation,
- Providing advise to both levels of government on unemployment and unemployment insurance policy matters, and
- facilitating the implementation of such unemployment insurance policies.
If the Shinali-sponsored bill is passed by parliament, the Treasury Cabinet Secretary will have the authority to exclude some employees from the statutory salary deduction.
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The wages and Remuneration Commission (SRC), which determines wages for state executives and public servants, will provide advise on this.
Kenyans between the ages of 15 and 64 and unemployed are the main benefactors.