PRESIDENTIAL ORDER N°009/01 OF 10/05/2016 DETERMINING CONTRIBUTIONS RATE TO MANDATORY PENSION SCHEME | 009/01 OF 10/05/2016 — Rwanda law | Esheria

PRESIDENTIAL ORDER N°009/01 OF 10/05/2016 DETERMINING CONTRIBUTIONS RATE TO MANDATORY PENSION SCHEME

This provision says the Order’s purpose is to determine the contribution rate for the mandatory pension scheme.

AI-assisted research synopsis — verify against the official legal text below.

Jurisdiction
Rwanda
Instrument
Order
Citation
009/01 OF 10/05/2016
Status
Not in force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
compliance contribution rates government implementation pension contributions pensions regulatory change regulatory commencement

Statute overview

About this statute

This provision says the Order’s purpose is to determine the contribution rate for the mandatory pension scheme. The mandatory pension contribution rate is 6%, with the employer and employee each paying 3%. The contribution rate may be reviewed based on the results of a study on compulsory pension insurance viability. The Prime Minister, the Minister of Finance and Economic Planning, and the Minister of Public Service and Labour are responsible for implementing this Order. Prior provisions that conflict with this Order are repealed.