The National Social Security Fund (NSSF) is set to launch several new initiatives in a bid to modernise the social security system.
As part of a pilot programme, the NSSF plans to roll out a mobile-based enrolment system to enable individuals in remote and underserved areas to easily register and contribute to the fund.
According to the Deputy Chief of Staff in charge of delivery management, Eliud Owalo, the move was necessary to allow representation in remote areas.
Along with the mobile-based enrolment system, the NSSF will automate all its processes to increase contributions and enhance the efficiency of its management of members’ funds.
According to Owalo, the government is keen on optimising operations in the fiscal year 2023/2024, and reducing the time taken in processing members’ benefits and ensuring that retirees receive their funds more quickly was one of the main ways to achieve this.
The optimisation process will include the adaptation of advanced digital platforms to streamline contributions and claims processes which will considerably reduce administrative costs.
Further, the government also wants to expand the social security fund to the informal sector which has been heavily underrepresented, partly because of a lack of financial literacy among potential contributors.
Meanwhile, salaried Kenyans are looking at increased contributions to the NSSF after the President signed into law new tax amendments on December 11, 2024.
Following provisions in the NSSF Act of 2013, the National Social Security Fund (NSSF) contributions will double from the current rate of Ksh.2,160.
ALSO READ: Sad As Al-Shabaab Releases Video of KDF Soldier Who Has Been Missing for 9 Years