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

NSSF payouts fall as collections jump on increased deductions

NSSF payouts fall as collections jump on increased deductions

NSSF says benefits paid to retirees dropped by nearly Sh1 billion on account of reduced applications. ..

✨ Key Highlights

Payouts from the National Social Security Fund (NSSF) to retirees decreased by 10 percent in the year ending June 2026, totaling Sh8.74 billion. This decline occurred despite a rise in contributions from members for the second consecutive year due to increased deduction rates.

  • The NSSF attributed the decrease in payouts to a lower number of benefit applications from retirees.
  • The NSSF is implementing new, higher contribution rates in a phased approach that began in 2023.
  • Contributions from existing NSSF members increased for the second consecutive year.

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