New law unlocks extra Sh30bn a year for NSSF

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David Koros is the managing Trustee of the National Social Security Fund (NSSF) board. FILE PHOTO | NMG

The National Social Security Fund (NSSF) has nearly tripled its monthly collections with the enforcement of the new law that has enhanced contributions by workers and employers.

A strategy document obtained by Business Daily shows the fund now collects approximately Sh4 billion every month from its registered members, up from the Sh1.3 billion previously.

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Note: The results are not exact but very close to the actual.