NSSF raises interest on pension savings to 7pc

National Social Security Fund acting managing trustee Anthony Omerikwa. PHOTO | JEFF ANGOTE | NMG

State-run pension scheme, the National Social Security Fund (NSSF), has increased interest payable on retirement savings to seven per cent for the year ended June 2017 on the back of a sharp rise in net investment income.

The return is a rise from the six per cent posted in 2016 and three per cent it paid on savings in the year to June 2015 — marking a rise for the three years in a row.

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