Gov’t exposes Employers for illegally deducting employees’ salaries

Gov’t exposes Employers for illegally deducting employees’ salaries.

Gov’t exposes Employers for illegally deducting employees salaries: The Sacco societes Regulatory Authority, has issued a thorough warning to all employers who have deducting staff salaries and remitting it to unregistered saccos.

The Authority highlighted that there has been increasing trend where employers were dealing with unlicensed saccos despite being provided with clear guidelines against them.

This comes after numerous complaints from Kenyans who have lost their hard-earned savings to Sacco officials who disappeared with millions without a trace.

Consequently, The Authority warned Kenyans against making contributions to Saccos that had not been authorised or are illegally operating  in the country.

SASRA stated,”These incidences have often resulted in and/or occasioned the loss of funds by members of the public without any recourse, whenever such unauthorized institutions fail to meet their financial obligations,”

“SASRA cautions public and private sector companies, institutions, and entities to cease and desist from facilitating unauthorized entities to undertake illegal Regulated SACCO businesses through deductions and remittances, and/or providing electronic and digital channels and conduits to undertake such illegal Regulated SACCO businesses,”SASRA added.

To confirm if a sacco is registered to operate in Kenya, check through the website: sasra.go.ke or address: [email protected].