The National Social Security Fund (NSSF) has announced that its asset base has grown to approximately KSh 715 billion as of March 30, 2026 (unaudited), attributing the growth to increased compliance by employers and workers, as well as strengthened retirement savings across the country.

In a public statement issued on its X account on Friday, June 05, 2026, the Fund said the milestone reflects growing trust in the national pension system and renewed commitment by Kenyan workers to secure their future through structured savings.

“As at 30th March 2026, the Fund had grown to approximately Ksh.715 billion (unaudited), reflecting the trust and commitment of Kenyan employers and workers in fighting old-age poverty. This means better retirement benefits for workers as Kenya strives to catch up with its peers in the region, having trailed in saving for retirement in the East Africa region,” from the statement.

NSSF emphasized that social security remains a constitutional right under Article 43(1)(e) of the Constitution of Kenya, which guarantees every worker protection in retirement and obligates the State to progressively expand access to social protection.

“The importance of saving for retirement cannot be overstated looking at how old-age poverty is rampant across the country,” the Fund stated.

It further warned that inadequate savings during employment continue to expose many elderly Kenyans to poverty, noting that only a small fraction of workers currently have formal retirement plans.

“In Kenya today, only 20% of workers have a retirement saving plan,” the statement noted.

Improved savings for dignified retirement

The Fund said the NSSF Act, 2013, has played a key role in improving retirement outcomes by enabling both employees and employers to contribute towards long-term savings, thereby increasing future benefits.

It noted that employer matching of employee contributions remains a key pillar in strengthening retirement income security for members across formal and informal sectors.

“The NSSF Act is progressive and has facilitated increased savings, resulting in increased benefits to members,” it said.

Improved returns for members

NSSF also reported improved investment performance, stating that members have continued to benefit from competitive returns over the past two financial years.

The fund declared an 11 percent net return in the 2023/2024 financial year and a 17 per cent return in the 2024/2025 financial year, describing the performance as a reflection of sound fund management.

Call for compliance

The Fund urged employers to ensure timely remittance of contributions, warning that delays or non-compliance could undermine workers’ retirement benefits.

“All employers and workers are reminded to comply to avoid denying their employees a benefit that has already crystallised,” NSSF stated.

It reiterated its commitment to safeguarding members’ contributions and strengthening Kenya’s social security system to ensure dignified retirement for all workers.