Rwanda
Presidential Order determining Contributions Rate to Mandatory Pension Scheme
Presidential Order 9 of 2016
- Published in Official Gazette 22 bis on 30 May 2016
- Assented to on 10 May 2016
- Commenced on 30 May 2016
- [This is the version of this document from 30 May 2016.]
Article One – Purpose of this Order
This Order determines contributions rate to mandatory pension scheme.Article 2 – Determination of the contribution rate
The contribution rate to mandatory pension scheme is fixed at six per cent (6%) of the remuneration subject to contribution determined by the law.The share of the employer as well as of the employee is three percent (3%) of the remuneration subject to contribution.Article 3 – Review of the contribution rate
The contribution rate provided for under Article 2 of this Order may be reviewed on the basis of the recommendations of actuarial study of the mandatory pension scheme.Article 4 – Authorities responsible for the implementation of this Order
The Prime Minister, the Minister of Finance and Economic Planning and the Minister of Public Service and Labour are entrusted with the implementation of this Order.Article 5 – Repealing provision
All prior provisions contrary to this Order are repealed.Article 6 – Commencement
This Order comes into force on the date of its publication in the Official Gazette of the Republic of Rwanda.History of this document
30 May 2016 this version
Commenced
10 May 2016
Assented to