NSSF contributions hit Ksh 83B as member funds rise to Ksh 572B
NSSF contributions hit Ksh 83B as member funds rise to Ksh 572B
Member contributions to the National Social Security Fund (NSSF) increased by 35 per cent in the year to June 2025, totalling Ksh83.97 billion, as most Kenyans complain about the shrinking.
The increase is up from Ksh62.29 billion in the previous year, as President William Ruto’s push to raise the country’s savings continues. He has set a target of Ksh1 trillion in assets for NSSF by 2027.
This growth came as active members rose by 8 per cent, reaching 3.6 million contributors, up from 3.3 million registered the year before.
The fund’s total member funds now stand at Ksh572 billion, marking a 43 per cent increase from Ksh400 billion recorded in the June 2024 financial year. This means the fund is Ksh428 billion shy of President Ruto’s target.
NSSF CEO David Korros addressing a gathering during the launch of of NSSF’s Corporate Strategic Plan 2023-2027 on Tuesday, May 7.
Investment assets grew by 43 per cent to Ksh558 billion in 2025, up from Ksh389 billion in 2024, a Ksh168 billion jump.
For ordinary Kenyans, these numbers translate into larger retirement savings and potentially higher payouts when they exit the workforce or reach official retirement age.
The fund delivered an impressive 22 per cent return on investment in 2025, up from 12.02 per cent in June 2024, marking an 83 per cent surge in performance.
Net investment income grew by 152 per cent to Ksh105.3 billion in 2025, from Ksh 41.7 billion in the previous financial year.
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However, member benefits dropped by 10 per cent to Ksh8.74 billion in June 2025, from Ksh9.71 billion disbursed in June 2024.
The drop is attributable to fewer applications by members, with applications falling by 11,893 or 11 per cent in 2025 compared with the 2023/2024 financial year.
Despite the growth, coverage remains low, with only 10.6 per cent to 25 per cent of Kenya’s working-age population currently accessing pension services such as NSSF.
Roughly 83 per cent to 89 per cent of Kenyans still lack formal, regular pension coverage, exposing millions to poverty risks in their old age.
By late 2024, NSSF revealed that approximately 7.5 million registered members, but active contributors were around 3.7 million.
However, despite increased efforts, only about 10.6 per cent to 25 per cent of the working-age population has access to pension services like NSSF.
For young workers and the self-employed, consistent contributions mean compound growth over decades, turning modest monthly deductions into substantial retirement nest eggs eventually.
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