NSSF Calls for AGM Amid Govt Plans to Tap Funds for Road Projects

Critics have expressed concern that using pension savings for public infrastructure could expose the fund to financial risks, while proponents argue that it could accelerate development...

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The National Social Security Fund (NSSF) has announced its 8th Annual General Meeting (AGM) for February 6, 2026, amidst growing scrutiny over the government's proposal to use NSSF funds for infrastructure projects. The virtual meeting will allow members to engage with management regarding their savings.

The AGM will review the financial statements for the year ended June 30, 2025, and other key reports.
President William Ruto plans to use NSSF savings, totaling Ksh320 billion by December 2022 and projected to reach Ksh1 trillion by June 2027, to finance development and reduce external borrowing.
Critics express concern about potential financial risks, while proponents argue it could accelerate project delivery without additional borrowing, with current monthly contributions ranging from Ksh960 to Ksh8,640.

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