The Public Service Superannuation Scheme (PSSS) fund value has hit a record Sh142.2 billion in three years of its operation, solidifying its position as the second-biggest pension scheme after the National Social Security Fund (NSSF).
This means the PSSS fund value had grown by 40.79 percent since December 31, 2023, when it stood at Sh101 billion. Comparatively, the value of pension cash held by NSSF stood at Sh402 billion in the year ended June 2024, buoyed by new higher deductions, having grown from Sh328.1 billion in December 2023.
