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Private schemes keep Sh15.3bn as firms transfer higher NSSF deductions
Private pension schemes were wary of NSSF’s crippling effect at the start of the implementation of the NSSF Act of 2013, which began in February 2023 and commenced with slow approvals for contracting out.
Private schemes retained Sh15.3 billion in pension contributions as of December 2025, amid increased approvals to transfer higher National Social Security Fund (NSSF) contributions to employer-sponsored retirement schemes.
Data from the Retirement Benefits Authority (RBA) shows 5,523 employers have transferred the higher deductions from the NSSF to their respective sponsored schemes since July 2024, a process known as opting-out.
