The National Social Security Fund (NSSF) has announced unaudited assets worth Ksh715 billion as of March 30, 2026, attributing the growth to increased trust and collaboration among Kenyan employees in securing their retirement plans.
In a statement released on its official X (formerly Twitter) account, the Fund said the expansion reflects confidence from both formal and informal sector workers who continue to save towards cushioning themselves against future uncertainties.
“As at 30th March 2026, the Fund had grown to approximately Ksh715 billion (unaudited), reflecting the trust and commitment of Kenyan employers and workers in fighting old‑age poverty,” the statement read.
NSSF emphasized that social security is a fundamental human right guaranteed under Article 43 (1)(e) of the 2010 Constitution, which obligates the state to ensure achievable standards for all citizens, including those in self‑employment. The Fund also cited Article 21 (2), which requires the government to take legislative and policy measures to safeguard citizens’ welfare.
Despite the growth, NSSF warned that only 20 percent of employees currently have a retirement plan, with just 6 percent relying on pensions, while an estimated 1.2 million elderly Kenyans go without food.
“This old‑age poverty has been aggravated by low levels of savings while Kenyans are in active employment,” the statement noted, urging workers to contribute consistently and reminding them that employers match their savings.
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The Fund also dismissed public speculation surrounding the Ksh200 monthly contribution, clarifying that the matter is still pending before the Court of Appeal. “The Board of Trustees of the National Social Security Fund and the Management team remain steadfast in their commitment in safeguarding members’ contribution, delivering sustainable returns and complying with all court decisions and statutory requirements,” the statement added.
NSSF reported a net increase of 17 percent in the 2025/2026 financial year, building on an 11 percent rise in 2024/2025, and applauded employers, members and stakeholders for their cooperation in strengthening the Fund’s performance.
By Ochola Victor
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