NSSF Posts Record 17% Returns as Assets Surge
The National Social Security Fund (NSSF) has announced a 17 per cent return on members’ savings for the 2024–2025 financial year, marking the highest payout in the Fund’s history.
The return represents a significant jump from the 11 per cent declared in the 2023–2024 financial year, underscoring a strong performance despite a challenging economic environment.
Strong Financial Growth Amid Economic Headwinds
NSSF recorded one of its most impressive financial performances to date, with member contributions rising by 35 per cent to KSh84 billion. Total assets grew to approximately KSh575 billion, representing an increase of over 43 per cent compared to the previous year.
Investment income more than doubled, delivering a gross return of about 22 per cent, while operating costs were contained at around 1.47 per cent—well within the statutory limit. The results highlight improved efficiency and prudent financial management at the Fund.
Government Commends Commercial Investment Strategy
Speaking during the 8th Annual General Meeting (AGM), Prime Cabinet Secretary and Cabinet Secretary for Foreign Affairs and Diaspora Affairs, Hon. Musalia Mudavadi, praised NSSF for making commercially sound investment decisions that support both retirement security and national development.
“It is now my distinct pleasure to declare an interest of 17 per cent on the NSSF members’ savings for the last financial year. This is the highest return in the history of NSSF,” Mudavadi said, adding that expectations are even higher for the coming year.
Governance and Digital Transformation Drive Performance
NSSF Chairman Hon. David Kariuki Njeru attributed the strong performance to disciplined execution of the Fund’s Corporate Strategic Plan, focusing on service delivery, financial sustainability, operational efficiency and organisational resilience.
NSSF Posts Record 17% Returns as Assets Surge
He noted that NSSF is firmly on course towards becoming a trillion-shilling fund, anchored on good governance and accountability.
Managing Trustee Mr. David Koross highlighted major improvements in service delivery driven by digitisation. Benefit payment processing time has reduced to about 10 days from 89 days, while the Fund also received an unqualified audit opinion, reinforcing transparency.
Growing Membership and Shared Prosperity
NSSF currently serves 3.6 million active members and over 77,000 employers, with increased participation from public servants and informal sector workers through initiatives such as Haba Haba.
Under the theme “Our Savings, Our Shared Prosperity,” speakers emphasized that every shilling saved through NSSF contributes to both individual retirement security and national development through job creation, housing and infrastructure investments.