Kenyans save extra Sh220 bn from higher NSSF deductions

The higher NSSF contributions were set off by the implementation of the NSSF Act of 2013.

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Kenyans have saved an additional Sh220 billion in the National Social Security Fund (NSSF) since the start of higher deductions in February 2023, the fund estimates show.

The higher contributions that were set off by the implementation of the NSSF Act of 2013 have pushed the assets held in the fund close to the Sh600 billion mark as the State-backed national pension scheme grows faster than initially expected.

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