Contributions to NSSF became too high and employers felt ... Implementation of the new rates follows last month's ruling by the Court of Appeal that the NSSF Act of 2013 is legal, giving the ...

Pension fund assets rose by Sh127 billion in the first half of this year, boosted in part by the introduction of higher mandatory contributions to the National Social Security Fund (NSSF ...

Savers using employer-sponsored retirement accounts can boost savings and have more opportunity for compounding.

Some retirement savers can make larger 401(k) contributions in 2025 thanks to an obscure change made in the SECURE 2.0 act.

It may make more sense to place any new contributions with a new provider and wait to switch the older investment once the surrender charges are less. Finally, talk to your plan administrator to ...

The bill’s introductory note states that the NSSF’s Board of Directors ... the draft law proposes reviewing the rates for late payment of contributions to align them with those for the social ...

It has also become increasingly common for plans with a default auto-increase provision to increase your rate above what is needed to receive the maximum employer matching contribution.

Here’s a look at how automatic enrollment will work, the pros and cons of this new policy and if you ... Auto Enrollment Auto enrollment contribution rates for 401(k) and 403(b) plans are ...

If you decide to leave the company, you may take your 401(k) with you, rolling it over into your new employer-sponsored ... and you can change your contribution rate at any time.

This amount is up modestly from 2024, when the individual 401(k) contribution limit was $23,000, or $30,500 for employees who were 50 or older. 2025 is also the first year that a new, higher catch ...