Not business as usual at NSSF, Kambi warns

May 28, 2014
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"The dynamics have changed and we have to change the way we do business. It is not going to be business as usual," Kambi warned.  "Few years ago, NSSF was crawling, right now we are walking and we want to start running." Photo/FILE
“The dynamics have changed and we have to change the way we do business. It is not going to be business as usual,” Kambi warned. “Few years ago, NSSF was crawling, right now we are walking and we want to start running.” Photo/FILE

, NAIROBI, Kenya, May 28 – Labour Cabinet Secretary Kazungu Kambi has warned that no corrupt official will be spared at the National Social Security Fund, as the government continues with reforms at the institution.

Kambi says with the increase of members’ contributions expected following the implementation of the NSSF Act 2013, the government will be keen on ensuring that no money is lost through corrupt deals.

The CS called on the management to try and correct some of the mistakes made by previous management which have tarnished the image of the institution.

“The dynamics have changed and we have to change the way we do business. It is not going to be business as usual,” Kambi warned. “Few years ago, NSSF was crawling, right now we are walking and we want to start running.”

Kambi called on the management of NSSF to ensure continued transparency and accountability to members. “In 2012 we started holding the Annual General Meetings which was unheard of in the past and we must go on this way.”

In the recent past, the Tassia II Housing project in Eastlands Nairobi has been in the public limelight with questions raised over alleged irregularities in award of a tender for works in the estate to China Jiangxi International Limited.

One of the major complaints was to why the project moved from the initial cost of Sh4.6 billion to Sh5 billion.

“I want to assure you one thing… the NSSF of yesterday is not the NSSF of today. So your money is safe. I usually say it is never too late to correct a mistake if it is possible to do so. And as a Cabinet Secretary, I am ready to face any eventualities if that is what it means to safeguard your money,” he emphasised.

The CS was speaking on Wednesday during a stakeholder familiarisation forum of the new NSSF Act whose implementation kicks off by the end of this month.

In March this year, NSSF embarked on a countywide consumer awareness campaign to educate Kenyans on the provisions of the new NSSF Act with key priorities being members’ contributions, registration and benefits.

The government early this year suspended the implementation of the new law from January 10 to May 31 this year to allow all stakeholders familiarise themselves with the law.

In the new Act, the pension contribution will be 12 percent of the set pensionable earnings, with employees remitting six percent and six percent from the employer.

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