Public Service Superannuation Fund- PSSF

What Public Service Superannuation Fund- PSSF does

Public Service Superannuation Fund (PSSF) is a statutory pension scheme established under the Public Service Superannuation Scheme Act, 2012, and operational since 1 January 2021. It serves as the mandatory retirement benefits vehicle for Kenyan public service employees, including teachers, police, prison officers, NYS staff, and other civil servants. The fund transitioned from a Defined Benefit (DB) to a Defined Contributions (DC) model, creating individual savings accounts funded by a 7.5% member contribution and 15% government (employer) contribution, with additional voluntary contributions permitted. PSSF manages over KSh 240 billion in assets across 505,000+ active members and is regulated by the Retirement Benefits Authority (RBA).

The fund's core technology platform is the Pension Administration System (PAS), launched in May 2026, which replaced external fund administration (previously CPFKenya) with in-house capability. PAS comprises a member self-service portal (mss.pssf.go.ke), a mobile application, USSD access via *378#, and an employer sponsor portal for payroll submissions and contribution management. Distribution occurs through government employer institutions (TSC, PSC, National Police Service, Kenya Prisons, NYS), supplemented by county-level member sensitisation exercises, AGMs, and the inaugural Pan-African Pensions Conference (November 2025).

PSSF is governed by a Board of Trustees with representation from public service unions (KNUT, KUPPET, UKCS), PSC, TSC, National Treasury, and the National Police Service. The Chairperson is Amb. Tuneya Hussein Dado (2025-2028), and the CEO is Dr. Jonah Aiyabei. Operating expenses are funded from investment income, capped at 10% per law. In 2025, PSSF joined the International Social Security Association (ISSA) and hosted benchmarking delegations from Uganda and Zambia, signaling continental influence over public pension reform.

Name

Public Service Superannuation Fund- PSSF

Legal name

Public Service Superannuation Scheme

Website

https://psss.go.ke

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Public Service Superannuation Fund (PSSF) is Kenya's mandatory statutory pension scheme for public service employees, managing KSh 240 billion+ in assets across 505,000+ active members under a Defined Contributions model with 22.5% combined contribution rates.

Ownership category

akta.pro rank

Product category

Public Sector Pension Fund Management

NAICS

Pension Funds (525110), Pharmacy Benefit Management and Other Third Party Administration of Insurance and Pension Funds (524292)

SIC

Services-Membership Organizations (8600)

akta.pro primary industry

Taft-Hartley / Labor Union & Public Sector Retirement Systems (FSAAAGAK)

akta.pro secondary industries

Pensions & Retirement Benefits Administration (BPAIAKAA), Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Pensions, Benefits & Retirement Disbursements (FSAMAKAI)

Keywords

• Public pension fund
• Retirement savings scheme
• Defined contributions pensions
• Pension administration
• Civil servant retirement

Headquarters

HQ city

Nairobi

HQ country

Kenya

HQ region

Africa

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Pension contributions: PSSF collects mandatory pension contributions from public servants and their employers (government). Members contribute 7.5% of salary, with the employer (government) contributing 15%, for a combined contribution rate of 22.5%. Members may also make Additional Voluntary Contributions (AVC). The fund invests these contributions and pays out benefits (lump sum + annuity) upon retirement.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

PSSF operates a mandatory Defined Contributions (DC) pension scheme for Kenya's public service employees, collecting monthly contributions (7.5% from members and 15% from the government employer, totalling 22.5%) and Additional Voluntary Contributions (AVCs). The fund invests these contributions and pays retirement benefits — up to one-third of accumulated savings as a lump sum and the remaining two-thirds as a monthly pension (annuity) — alongside death-in-service benefits and exit service benefits. Services are delivered digitally through the Pension Administration System (PAS), member portal, mobile app, and USSD (*378#), with employer institutions remitting contributions via a dedicated sponsor portal.

Product overview

PSSF operates as a pension fund management organization offering a digital-first product ecosystem centered on the Pension Administration System (PAS). The core platform consists of a Member Portal and Mobile Application for public servants to access real-time pension statements, track contributions, update beneficiary nominations, and initiate claims. A Sponsor Portal serves employer institutions for payroll and contribution management. Supporting services include e-Procurement and Recruitment Portals. The organization transitioned to internal pension administration to strengthen institutional control.

Differentiator

Problem solved

Functional benefit

Products and services

• Pension Administration System (PAS) Comprehensive digital pension administration platform enabling faster processing of pension claims, real-time access to member statements, improved data accuracy, seamless employer-Fund communication, and online member record management.
• Member Portal Online self-service portal enabling Kenyan public servants to access pension statements in real time, track contributions and projected benefits, update beneficiary nominations, and initiate and monitor claims remotely.
• Mobile Application Mobile application providing PSSF members real-time access to pension statements, contribution tracking, and self-service tools for claims and beneficiary updates.
• Sponsor Portal Centralized interface for employer institutions (TSC, PSC, National Police Service, NYS, Prisons, State Departments) to manage payroll submissions, contribution schedules, and member data, improving data integrity and reducing administrative delays.
• USSD Access Mobile access channel via USSD code *378# allowing PSSF members to access pension statements and services from any mobile phone without requiring internet connectivity.

Quantifiable outcome

• Benefit payment within 30 days of claim filing per RBA regulations
• +3 more outcomes

Named customers7 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Uganda Ministry of Public ServiceminorStrategic or Co-development Partner · 23 September 2025PSSF hosted a delegation from Uganda's Ministry of Public Service for a knowledge sharing session on Kenya's pension history, reforms, and HR practices. The engagement covered benefits administration, communication, and pension fund management. Uganda is preparing to operationalise its Public Service Pension Fund (PSPF) from FY 2026/2027 and is benchmarking against PSSF.
• Retirement Benefits Authority (RBA)coreStrategic or Co-development Partner · 3 September 2025RBA is the sector regulator for pension funds in Kenya. PSSF Chairman Amb. Hussein Dado and CEO Dr Jonah Aiyabei held talks with RBA CEO Mr Charles Machira focused on strengthening collaboration in member education, diversifying investment strategies, and positioning PSSF as a benchmark for public pension management. RBA CEO will feature as a speaker at the PSSF Pan-African Pensions Conference.
• Zambia's Public Service Pensions Fund (PSPF)minorStrategic or Co-development Partner · 28 July 2025PSSF hosted a delegation from Zambia's PSPF for a benchmarking mission exploring Kenya's transition from Defined Benefit (DB) to Defined Contributions (DC) scheme. PSPF is preparing for a similar shift. PSSF shared insights on governance structures, regulatory compliance, legal framework, and investment strategies.
• International Social Security Association (ISSA)coreStrategic or Co-development Partner · 14 July 2025PSSF officially joined ISSA in July 2025, becoming part of a global network of over 320 institutions across 160 countries dedicated to advancing social protection. ISSA is headquartered in Geneva, Switzerland, and works under the ILO. PSSF gains access to international technical guidelines, capacity-building opportunities, and peer learning with leading pension institutions worldwide.
• Teachers Service Commission (TSC)coreStrategic or Co-development PartnerTSC represents approximately 56% (321,961) of PSSF's total membership. PSSF partners with TSC for nationwide member awareness campaigns, integration of PSSF member education into new teacher induction programs, and leveraging TSC communication channels for broader outreach. TSC is committed to timely contribution remittances to maximise member returns.
• Public Service Commission (PSC)coreStrategic or Co-development PartnerPSC is a key stakeholder in PSSF's governance and member representation. PSC CEO Mr Paul Famba was invited to speak at the inaugural PSSF Pan-African Pensions Conference on the role of employers in strengthening pension systems. PSC provides oversight representation on the Board of Trustees.
• National Police ServicecoreStrategic or Co-development PartnerKey employer institution representing police service members. Participant in PSSF's inaugural Employers' Conference and ongoing collaboration around pension administration, compliance, and member service delivery.
• Kenya Prisons ServicecoreStrategic or Co-development PartnerKey employer institution representing prison service members. Participant in PSSF's inaugural Employers' Conference and ongoing collaboration around pension administration, compliance, and member service delivery.
• National Youth Service (NYS)coreStrategic or Co-development PartnerKey employer institution representing NYS members. PSSF conducts member sensitisation exercises with NYS members. Participant in PSSF's inaugural Employers' Conference and ongoing collaboration.
• KNUT, KUPPET, and Union of Kenya Civil Servants (UKCS)coreStrategic or Co-development PartnerPublic service unions represented on PSSF's Board of Trustees, directly representing members' voices in fund governance. Key stakeholder in ensuring member interests are safeguarded in pension administration.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Public Service Pensions Fund Zambia (PSPF): Zambia's statutory public-service pension fund actively studying Kenya's DB-to-DC transition. Same statutory scheme structure, civil service membership base, and African regulatory context as PSSF.
• Parastatal Pensions Fund (PPF) Kenya: Kenyan pension scheme for employees of state corporations, also regulated by RBA. Comparable in operating model (employer-sponsored DC scheme), regulatory environment, and Kenya-domestic investment universe as PSSF.
• National Social Security Fund (NSSF) Kenya: Kenya's other mandatory social security/pension provider covering private-sector workers. Operates the same regulatory regime under RBA and competes for the same pension contribution pool, though it serves a different workforce segment than PSSF's civil service mandate.
• Government Employees Pension Fund (GEPF) South Africa: Largest public-sector pension fund in Africa, managing pensions for South African government employees under a similar statutory mandate. Directly comparable in structure (employer-employee DC contributions), regulatory oversight, and digital administration ambitions to PSSF.
• Local Authorities Pension Fund (LAPF) Kenya: Statutory pension scheme for Kenyan local government and county employees, regulated by RBA. Directly comparable employer-sponsored, Kenya-domestic pension administration model to PSSF's federal civil service scheme.
• Public Service Pensions Fund Uganda (PSPF): Statutory public-sector pension scheme for Ugandan civil servants, being benchmarked against PSSF for its 2026/27 operationalization. Same DB-to-reform trajectory, mandatory civil-service membership model, and East African regulatory context as PSSF.

Broad incumbents

• CPF Board (Central Provident Fund) Singapore: Singapore's mandatory social security savings scheme operating comprehensive DC accounts for working citizens. Comparable in mandatory contribution model and digital member services ambition, but globally recognized as the gold-standard benchmark pension administrator PSSF could aspire to emulate.
• Employees Provident Fund (EPF) India: India's massive statutory provident/pension fund (~$300B+ AUM) covering public and private-sector workers. Comparable in mandatory contribution structure and digital transformation scale, but operates as a significantly larger, more established incumbent than PSSF.

Regional players

• National Social Security Fund (NSSF) Tanzania: Tanzania's mandatory social security fund covering both public and private sector workers. Comparable in scale, African regional operating context, and statutory pension mandate, but operates in a separate national jurisdiction.

Others

• Retirement Benefits Authority (RBA) Kenya: The sector regulator governing all Kenyan pension schemes including PSSF. Not a peer but a critical counterpart — RBA sets the compliance framework, reporting standards, and SLA (30-day benefit payment) rules that shape PSSF's operating model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/pssf_kenya
• LinkedInlinkedin.com/company/public-service-superannuation-fund-pssf

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Public Service Superannuation Fund- PSSF