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NSSF spends half of employees’ contributions on administration
NSSF acting managing trustee Anthony Omerikwa. The fund invested only Sh95 out of each member’s monthly contribution of Sh200 in the last financial year. PHOTO | FILE
The National Social Security Fund (NSSF) spent half of the workers’ contributions on administration in the period ending June 2015, according to a new report.
The state-run pension scheme used Sh105 to manage each Sh200 monthly contribution, translating to 52.51 per cent of collections, the latest financial statements show.
