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Labour CS Alfred Mutua said Kenya is seeing clear progress at Labour Day celebrations in Vihiga County, citing over 6.2 million jobs, fewer strikes, digital and housing programmes, and NSSF pension payments within seven days.
NSSF will implement Year 4 contribution rates from February 2026, raising the monthly cap to Sh12,960 and adjusting loan rates, while declaring 17% net interest for 2024/2025 members.
During the review period, unremitted contributions alone accounted for Sh2.03 billion, split evenly between Sh1.01 billion from employees and Sh1.01 billion from employers.
During the annual general meeting held on Friday, NSSF Chief Executive Officer Charles Koros acknowledged that some of the title documents held by the institution have little value because the parcels were never legally available for purchase.
The Nyayo Embakasi development was among several housing projects rolled out by the fund as part of its wider push into real estate. The aim was to meet growing demand for affordable homes while generating steady returns for contributors.
Prime Cabinet Secretary Musalia Mudavadi lauded the Fund for using workers’ savings to strengthen retirement outcomes while supporting sectors such as housing and infrastructure through commercially guided investments.
The programme’s second phase will see beneficiaries receive an additional Sh25,000, raising the total start-up capital per young entrepreneur to Sh50,000.
The bankers recommended capping the highest PAYE rate at 30 per cent, in line with the 2023 National Tax Policy, while proposing a uniform five per cent reduction across all brackets.
In a statement, COTU Secretary-General Francis Atwoli said FKE’s commentary on statutory contributions was deeply irresponsible and contradicted the law, which mandates full implementation of the NSSF Act, 2013.
Aggrey Masai, Director of the National Registration Bureau, reassured citizens that the system restoration is a top priority. He also clarified that the government has no plans to reintroduce replacement fees, explaining that removing charges had led to a surge in applications, especially from rural areas.
Before releasing the funds, the company withheld Sh1 million, citing statutory obligations including PAYE, NSSF, the Social Health Insurance Fund, and the Housing Levy. This action sparked a new dispute, including contested execution steps and an attempt to attach company property to recover the deducted amounts.
NSSF has filed an Environmental Impact Assessment for its Twin Towers project at Uhuru Highway and Kenyatta Avenue in Nairobi, outlining major economic benefits, environmental risks and proposed mitigation measures.