COTU warns MPs against undermining confidence in NSSF
Atwoli's union defends fund's management, citing growth to Sh814 billion and improved benefits processing as it cautions against political interference ahead of 2027 elections
The Central Organisation of Trade Unions (COTU) has cautioned Members of Parliament against undermining public trust in the National Social Security Fund (NSSF). The trade union expressed concern over unsubstantiated allegations made by MPs during discussions on the Public Service Superannuation Scheme (Amendment) Bill. COTU Secretary-General Francis Atwoli emphasized that such accusations could erode confidence in an institution relied upon by millions of workers.
National Assembly Majority Leader Kimani Ichung’wah was singled out for criticism, despite the union’s previously cordial working relationship with him on legislation affecting workers’ welfare. COTU supports parliamentary oversight of the fund but urges MPs to avoid making claims without evidence. The union highlighted the fund’s financial growth, noting a substantial increase in its portfolio over the past three years and positive investment returns.
COTU also challenged MPs to provide evidence if they make claims about benefits denial or demands for cash from NSSF officials. The union defended the fund’s improvements in financial reporting and institutional accountability, including clean audit opinions from the Office of the Auditor-General for two consecutive years. It also noted the fund’s efforts to improve investment returns through alternative investments, such as the Rironi-Mau Summit Highway.
COTU warned that political interest in the fund’s financial strength could lead to intimidation and pressure. The union emphasized that workers’ retirement savings should remain a priority in decisions concerning the fund’s management, investments, and accountability. COTU also disputed claims that retirees from remote counties must travel to Nairobi for benefits, stating that NSSF operates 64 branches across the country.
The union urged MPs to encourage informal sector workers to participate in NSSF’s Haba na Haba savings product and focus on expanding pension coverage instead of making statements that could discourage saving.
Written by urgent.news from Capital FM Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
