NSSF Stories
The higher deductions have accelerated the growth of the State-backed national pension scheme, pushing its total assets close to the Sh600 billion mar...
The National Assembly’s Public Accounts Committee has linked the drastic reduction in net income to additional deductions introduced under President W...
One of the first policy changes under President Ruto's leadership was a dramatic increase in National Social Security Fund deductions, which jumped by...
The rise in assets under management to a record high was primarily driven by increased compulsory contributions to the NSSF in line with the ongoing i...
The Employment Act, 2007 bars employers from deducting more than two-thirds of an employee’s basic salary.
A key component is a new mobile-based enrollment system that will allow individuals in remote and underserved areas to easily register and contribute...
This growth is attributed to the full implementation of the NSSF Act, which was previously delayed due to a court injunction.This growth is attributed...
The proposals suggest raising the monthly deductible pension contributions from Sh20,000 to Sh30,000.
The launch of the new initiative for the refugees comes after the ILO conducted research on the NSSF Haba Haba product.
Unremitted employer pension contributions have emerged as the second-largest pending bill for parastatals.
This shortfall is compounded by rising pension costs, driven by a wave of retirements.
In the last Financial Year 2023-2024, payments amounting to Sh350 million were made to 2,950 deceased pensioners.
As of June 30, 2023, counties owed NSSF Sh2.7 billion, with Sh2 billion of that amount due to accumulated penalties.
Moturi and the three others had argued that NSSF is not a public body and the funds stolen were not public funds but Prof. Sifuna said such an argumen...
Haba Haba targets small-scale business people and those not formally employed, allowing them to contribute a small amount of money daily for their ret...
The absence of younger workers poses a significant challenge for the institution grappling with a succession crisis.
Koros reiterated the importance of boosting the country’s savings rate, aiming to reach about 30 per cent of the GDP, a benchmark he said has been ach...
