NSSF seeks consultant on its rates, revisions

David Koross.

National Social Security Fund (NSSF) Managing Trustee and CEO David Koross.

Photo credit: Dennis Onsongo | Nation Media Group

The National Social Security Fund (NSSF) is seeking a consultant to review the adequacy of its contribution rates and develop a framework for periodic revisions, signalling possible future changes to mandatory pension deductions for Kenyan workers and employers.

The NSSF, which is now Kenya’s largest public pension scheme managing billions of shillings in retirement savings, is seeking an actuarial firm to assess and advise on periodical adjustments to membership contribution amounts.

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