Treasury CS Njuguna Ndung'u Presents Kenya Kwanza Maiden Budget (Part 2)

  • | Citizen TV
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    Prof. Njuguna Ndung’u: Upon retirement, most senior citizens have no access to medical coverage and spend their little savings on healthcare services. In order to encourage employees to save for their post-retirement needs, I propose to the National Assembly to provide tax relief of 15% of the contributions to a post-retirement medical fund or Ksh 5000 per month whichever is lower