Kenyans cut extra pension savings on higher NSSF deductions

Retirement Benefits Authority CEO Charles Machira speaks during a past meeting at Radisson Blu Hotel, Nairobi Upper Hill on March 14, 2025.

Photo credit: File | Nation Media Group

Kenyans cut payments of additional voluntary contributions towards their employers’ pension schemes by nearly Sh1 billion in 2024 amid higher deductions to the National Social Security Fund (NSSF).

Data from the Retirement Benefits Authority (RBA) shows that members’ additional voluntary contributions fell by 47.2 percent or Sh906.7 million last year to Sh1.01 billion from Sh1.92 billion previously.

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Note: The results are not exact but very close to the actual.