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Originally published by The Standard BusinessJanuary 30, 2026
4d ago
Why NSSF payouts have fallen
NSSF says benefits paid to retirees dropped by nearly Sh1 billion on account of reduced applications. ..
✨ Key Highlights
NSSF payouts to retirees experienced a 10 percent decrease, totaling Sh8.74 billion in the year ending June 2026. This decline occurred despite increased contributions from members due to higher rates implemented in a phased approach starting in 2023.
- NSSF payouts fell to Sh8.74 billion by June 2026.
- The National Social Security Fund (NSSF) attributed the decline to fewer benefit applications.
- Contributions from members rose for the second consecutive year due to new rates.
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