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Retirees’ cash at risk as NSSF makes costly blunders
In the year to June 2017, the fund paid its 11 directors Sh2.45 billion, with Sh1.15 billion in five sittings by the Human Resources and Legal committees. FILE PHOTO | NMG
The sunset years of millions of employees is at risk following investment blunder by the very agency meant to safeguard and grow their nest eggs.
Flagged by the Auditor-General Edward Ouko in his annual general reports, the National Social Security Fund (NSSF) has hit hard ground in projects running into billions of shillings with legal and other barriers occasioned by bad decisions.
