Fellow teachers! It looks like our payslips are about to get a little lighter starting from July 1st, 2023. Why, you ask? Well, President William Ruto just signed that controversial Finance Bill 2023 into law, making it mandatory for us to contribute towards the housing fund. Yep, you heard it right!
Now, before you panic and start counting your pennies, let me break it down for you. We’ll be contributing a cool 1.5% of our basic salary towards this housing levy. But hold on, don’t panic just yet. I know what you’re thinking – how much is that actually going to be?
Well, let’s take a look at some examples, shall we? For those in job grade D5 with a basic pay of 131,380 Kenyan shillings, you can expect a deduction of around 1,970.70 shillings. And if you’re in D4, with a basic pay of 118,242 shillings, it’ll be around 1,773 shillings missing from your hard-earned cash. Remember, these are just a few examples, so you might want to grab your calculator to figure out your own deduction.
Now, I won’t lie to you. It’s never fun seeing a chunk of your salary disappear. But hey, think of it this way – we’re contributing towards something meaningful, like affordable housing for ourselves and our fellow teachers. It’s like a little investment in our future, right?
So, my dear colleagues, brace yourselves for that slightly lighter payslip next month. Just remember, we’re all in this together, and by chipping in, we’re making a difference in the lives of many. Let’s keep our heads up and continue doing what we do best – shaping young minds and making a positive impact in our classrooms!