Overview
- Act: National Social Security Fund Act No. 45 of 2013
- Formed: 1966
- CEO: Mr. David Koross
- X (Twitter)
The National Social Security Fund (NSSF) in Kenya, established in 1965, provides social security protection to workers in both formal and informal sectors. Its mandate includes managing a pension scheme, expanding coverage, and processing benefit payments to members. The NSSF is also responsible for investment management, stakeholder engagement, and implementing reforms to transition into a social insurance pension scheme. By ensuring financial security during retirement and promoting inclusive participation, the NSSF plays a crucial role in enhancing the welfare of Kenyan workers.
CEO: David Koross
Mr. David Koross holds a master’s degree in public policy management from Strathmore University. Prior to his role at NSSF, he was the chief executive of LapFund, which manages retirement funds for county
government employees. Koross’s extensive experience in public finance and management positions him to lead NSSF during a time of significant reform.
Board of Governors
David Kariuki Njeru
Chairman
Amos Cheptoo
Trustee
Isaac Mbingi Okello
Trustee
Dr. FCPA Anne E Owuor
Trustee
Rose Omamo
Trustee
Dr. Kaberia Isaac Kubai
Trustee
Dr. Milkah Kimonda Chebii
Trustee
Michael Macharia
Trustee
David Koross
Managing Trustee/CEO
Functions
- Social Security Provision: The NSSF aims to provide social security benefits to all workers, enhancing their financial security during retirement.
- Pension Scheme Management: It administers a pension scheme to ensure that members receive adequate retirement benefits based on their contributions.
- Coverage Expansion: The fund is mandated to expand its coverage to include all eligible workers, promoting inclusive participation across different sectors of the economy.
- Investment Management: NSSF invests contributions in various projects and sectors to ensure the growth of the fund, maximizing returns for its members.
- Member Registration: The NSSF is responsible for registering members and maintaining accurate records of contributions to facilitate effective management and disbursement of benefits.
- Benefit Payments: It processes and pays out benefits to eligible members, including pensions, withdrawals, and other entitlements as defined under the NSSF Act.
- Stakeholder Engagement: The fund engages with stakeholders, including the government, employers, and workers’ representatives, to ensure its policies and operations align with national social security objectives.
- Regulatory Compliance: NSSF operates under the laws set forth in the NSSF Act, ensuring compliance with national regulations governing social security and pension funds.
- Service Delivery Improvement: The fund is committed to improving service delivery through technology adoption, enhancing member experience and operational efficiency.
- Reform Implementation: Recently, NSSF has been undergoing reforms to transition from a provident fund to a social insurance pension scheme, aligning with best practices in social security systems.
Important Links
Address & Contacts
- P.O.BOX 30599 – 00100, Nairobi, Kenya
- NSSF BUILDING
- PR56+WR Nairobi
- info@nssfkenya.co.ke
- 0709 583 000 / 0730 882 000