NSSF collections quadruple on higher member contributions

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National Social Security Fund building in Nairobi. 

Photo credit: File | Nation Media Group

Monthly collections by the National Social Security Fund (NSSF) have grown nearly five times over, reflecting the impact of enhanced contributions from workers in Kenya.

NSSF is now netting an average of Sh6.5 billion a month, up from Sh1.4 billion previously, new disclosures by the Ministry of Labour and Social Protection show. This means that the NSSF now nets a mean of Sh78 billion per year, compared to Sh16.8 billion previously.

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