Social Security building that houses NSSF head offices in Nairobi. [File, Standard]
The National Social Security Fund (NSSF)Friday, kicked off its 60th anniversary celebrations with its Annual General Meeting as it eyes growing to a Sh1 trillion fund by 2027.
NSSF was established in 1965 through an Act of Parliament, Cap 258 of the Laws of Kenya, and over the years evolved from being operated as a Department within the Labour Ministry to a provident fund and later transformed into a mandatory pension scheme through the NSSF Act 2013. It is currently implementing its 2023-2027 strategic plan, in which it plans to grow to a Sh1 trillion fund from a fund value of Sh500 billion as of June 2024.
At the AGM in Nairobi, NSSF Board of Trustees Chairman David Njeru said the fund had become a pillar of national development and a beacon of social protection in Kenya since 1965.
The National Social Security Fund (NSSF)Friday, kicked off its 60th anniversary celebrations with its Annual General Meeting as it eyes growing to a Sh1 trillion fund by 2027.
By Macharia Kamau