How Kenya compares to other countries in pension savings

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Workers from Pelican Signs company erecting a new signboard of the National Social Security Fund (NSSF). FILE PHOTO | NMG

The February Court of Appeal ruling on the implementation of the National Social Security Fund (NSSF) Act, 2013 – which sought to increase pension deductions — was a significant turning point for Kenya.

Under the Act, the government seeks to build a bigger retirement pot, increase coverage and offer workers monthly annuities after retirement instead of the current one-off payment.

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