NSSF payouts fall as collections jump on increased deductions

Kenyans are paying higher rates to NSSF as it continues to implement the new rates in a phased approach that started in 2023. [File, Standard]

The National Social Security Fund (NSSF) payouts to retirees fell by 10 per cent to Sh8.74 billion in the year to June 2026, even as contributions from existing members rose for the second consecutive year following higher contribution rates.

The fund attributed the decline to fewer benefit applications from Kenyan retirees.