Employee Benefits in Kenya 2020

November 2020 •
45 pages •
Report ID: 5637868 •
Format: PDF

Summary
Table of contents
Search Inside

Employee Benefits in Kenya 2020

Summary
Kenya’s social security system is considered important for the security of workers, their families, and the community.The Kenyan social security system is divided into three pillars - a public scheme, occupational schemes, and individual schemes.

The Kenyan social security system provides compulsory benefits such as old-age, disability, sickness, death, maternity, work injury, unemployment, and medical care, for different groups of individuals such as children, employed, unemployed, retired, or elderly individuals.In Kenya, employers provide supplementary retirement plans to their employees under Pillar II.

The supplementary retirement plans can be DB or DC schemes. Employers create and operate an occupational pension fund or may contribute to a pension plan registered with the Retirement Benefits Authority (RBA).

The report provides in-depth industry analysis, information and insights of the employee benefits in Kenya, including: overview of the state and compulsory benefits in Kenya, detailed information about the private benefits in Kenya, insights on various central institutions responsible for the administration of the different branches of social security and the regulatory framework of the employee benefits in Kenya.

Key Highlights
- The National Social Security Fund Act of 2013 is responsible for the functioning of the overall social security system.
- Kenya’s social security system is considered important for the security of workers, their families, and the community as a whole.
- In Kenya, employers provide supplementary retirement plans to their employees under Pillar II.
- The supplementary retirement plans can be DB or DC schemes. Employers create and operate an occupational pension fund or may contribute to a pension plan registered with the Retirement Benefits Authority (RBA).

Scope
This report provides a detailed analysis of employee benefits in Kenya -
- It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits
- It covers an exhaustive list of employee benefits, including retirement benefits, death in service, long-term disability benefits, medical benefits, workmen’s compensation insurance, maternity and paternity benefits, unemployment, leaves and holidays and private benefits
- It highlights the economic and regulatory situations relating to employee benefits in Kenya

Reasons to Buy
- Make strategic decisions using in-depth information related to employee benefits in Kenya.
- Assess Kenya’s employee benefits market, including state and compulsory benefits and private benefits.
- Gain insights into the key employee benefit schemes offered by private employers in Kenya.
- Gain insights into key organizations governing Kenya’s employee benefits, and their impact on companies.

Ahmad helps you find the right report:

+1 718 618 4302
Contact by email

FAQ

Testimonials

The market research advisor answered my questions quickly and professionally. ReportBuyer's team did their best to ensure that I felt comfortable before making the investment to purchase the report.

Cristian Nunez

Director of Corporate Development Chugach Alaska Corporation

My overall experience with ReportBuyer today has been very positive, and I must thank you for your patience (...). Also, the sample you sent me and the explanations provided were very helpful.

D. Lescuyer

Executive Vice President Oral Business at Skyepharma

The research specialist was very helpful, and proposed the best content for my needs. ReportBuyer also offered a great follow-up, thanks for everything !

P. Thompson

EMEA Managing Director

We were satisfied with the support that ReportBuyer's team provided. Thanks to their recommendations, the report we purchased provided exactly what we want.

Y. Wang

Business Analyst

We didn't have time to do the research internally, and thanks to ReportBuyer's team we were able to find the appropriate data.

S. Chen

Research Coordinator

I was impressed by the customer service: it was fast, responsive, and 100% professional !

D. Krivan

Market Research Analyst

The research specialist provided prompt and helpful service. He also followed up to ensure I had all the information to deliver my business development plan.

C. Adams

Senior Business Development Manager