PRESIDENTIAL ORDER N° 086/01 OF 12/12/2024 DETERMINING THE CONTRIBUTION RATE TO MANDATORY PENSION SCHEME | 086/01 OF 12/12/2024 — Rwanda law | Esheria

PRESIDENTIAL ORDER N° 086/01 OF 12/12/2024 DETERMINING THE CONTRIBUTION RATE TO MANDATORY PENSION SCHEME

The mandatory pension contribution rate is set at 12% starting 1 January 2025, then rises to 14%, 16%, 18%, and 20% on later listed dates.

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Jurisdiction
Rwanda
Instrument
Order
Citation
086/01 OF 12/12/2024
Status
In force
Version
Undated source snapshot
Language
mul
Updated
Official source
View official record ↗
contribution rate contribution rate review entry into force pension contributions public administration

Statute overview

About this statute

The mandatory pension contribution rate is set at 12% starting 1 January 2025, then rises to 14%, 16%, 18%, and 20% on later listed dates. The contribution rate under Article 1 may be reviewed based on the results of the actuarial study of the compulsory pension scheme. Three ministers are responsible for implementing this Order. This Order was drafted in Kinyarwanda. This article repeals Presidential Order No. 009/01 of 10/05/2016 on mandatory pension scheme contribution rates.