NSSF assures members their interests are protected
19 April 2012, 10:24
Nairobi – The National Social Security Fund (NSSF) on
Wednesday moved to allay fears of any acts of omission in the recent
Sh4.2 billion out of court commercial claims settlements.
In a media statement, NSSF acting Managing Trustee Tom Odongo
disclosed that the settlements were effected as part of a strategic
effort to clean the funds balance sheet which currently features
liabilities in excess of Sh18 billion.
Odongo further explained that the claims were a risk to members’
funds and always created a revenue leakage in terms of legal costs
payable to lawyers and accumulated interest.
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