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Originally published by The Standard Business
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January 29, 2026
5d ago

NSSF payouts to retirees drop 10 despite surge in contributions

NSSF payouts to retirees drop 10 despite surge in contributions

NSSF said in its annual report that the benefits paid to retirees dropped by 10 per cent to Sh8.74 billion in the year to June 2026..

✨ Key Highlights

The National Social Security Fund (NSSF) in Kenya reported a 10 percent drop in payouts to retirees, totaling Sh8.74 billion, despite a surge in contributions for the second consecutive year.

  • Benefits paid to retirees dropped by 10 percent to Sh8.74 billion in the year to June 2026.
  • The Managing Trustee, David Koross, attributed the decline to fewer applications for benefits from retiring Kenyans.
  • NSSF experienced significant growth in contributions from existing members due to the implementation of higher rates.

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