NSSF TSC pension Benefits for all Teachers
NSSF TSC pension Benefits for all Teachers. The NSSF’s Lower Earnings Limit (LEL) is Kshs. 6,000, while the Upper Earning Limit (UEL) is Kshs. 18,000. The fund deducts a total of 12% from pensionable wages, with 6% going to the employee and the remaining 6% going to the employer.
Maximum deductions for members earning more than Ksh 18,000 are limited to Ksh 2,160. While the employer must make the payments, the scheme deducts the contributions from the member’s salary.
TSC teachers can benefit from the National Social Security Funds (NSSF) in the following ways:
Members are eligible for this benefit when they reach the age of 60 and have retired from full-time employment.
This is a benefit available to participants over the age of 50 who have retired from formal employment.
This is paid to members who have become invalid owing to bodily or mental sickness and are unable to earn a reasonable living.
Paid to a member who has been certified as being permanently unable to work owing to a physical or mental handicap.
Emigration grants benefits
This benefit is available to members of any age who are moving from Kenya to another nation with no intention of returning to Kenya.
This is a monetary donation to the bereaved relatives of a departed member. It is paid to a selected family representative of the deceased member who has contributed to the NSSF for at least three months. The grant is payable three months following the member’s death.
Teachers who worked on a temporary basis should go to the NSSF office in their sub-county and get a schedule outlining the amount and length of contribution. If the amount is not shown, the statement should be sent to the Commission for correction. The benefits are payable in accordance with Section 258 of the NSSF Act.