CURRENT STATUS OF STATUTORY DEDUCTIONS 2018
Date and time: 
Wed, 2018-06-06 09:43

The current status of statutory deductions as at April 30, 2018 is as follows:

1.         Monthly PAYE deductions

            Payments are up to date as per the attached certificate

            No. KRASD8330832017 from KRA

However, in regard 2013-2017 salary arrears payments and internal CBA, the KRA PAYE under reconciliations is Kshs. 664,350,717.00.  This will soon be paid once the PAYE account is fully reconciled.

2.         Monthly NSSF

           Balances Kshs. Nil

3.         Monthly NHIF

            Balances Kshs. Nil

4.         Monthly HELB

            Balances Kshs. Nil 

5.         Staff Bank Loans

            Monthly Staff Bank loans deductions up to date

6.         Staff Insurances

The outstanding staff insurance deductions for the months of March 2018 and April 2018 is Kshs. 5,496,939.50 and 8,029,145.55 respectively

7.         Monthly Chuna Sacco deductions

           The outstanding cooperative staff loans amount to Kshs. 108,591,866.75

8.         Staff Pensions Deductions

The University has paid Kshs. 100,898,924.55 as the employee contributions of the pensions up to March 2018

The cumulative pending pension contribution is Kshs. 1,525,087,501.00

Reason:  Exchequer has not been releasing funds to pay off the pension arising from 2010-2013 and 2013-2017 CBAs.

 

ISAAC M. MBECHE

AG. DEPUTY VICE CHANCELLOR

(ADMINISTRATION & FINANCE)

                         AND

PROFESSOR OF MANAGEMENT SCIENCE

Expiry Date: 
Fri, 2018-11-30 09:43