The National Social Security Fund (NSSF) has announced that in the past 24 days, it paid out Shs95.3 billion to members amidst ongoing challenges
While addressing journalists on Wednesday morning, the acting NSSF Managing Director, Patrick Ayota said despite the ongoing allegations of turbulence at the fund, they have performed well in the past six months and first part of the New Year 2023.
Ayota says in the past 24 days of the month of January, the fund paid out shs95.3 billion to over 3000 members compared to Shs 49.9billion to 1337 members in the same period in 2022,”
“As of December 31, 2022, the fund was worth shs17.88 trillion with fixed income contributing to 78%, equities at 15% and real estate at 7% whereas contributions increased by 22% from shs643billion in December 2021 to shs786 billion”. Said Ayota