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NSSF payout to retirees falls 10pc amid rising contributions

When National Social Security Fund immediate acting CEO David Mwangangi handed over the reign of the Fund to the newly appointed CEO Tito David Koross at the NSSF Head Office, Nairobi. [Standard]

The amount of money that the National Social Security Fund (NSSF) paid out to retirees dropped 10 per cent last year.

This is even as the State pension scheme burned its fingers in funds invested in equities and reported a negative return on investment.

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