National Bank of Rwanda Governor Soraya Hakuziyaremye announced the figures Thursday, October 8, 2026, while presenting the Monetary Policy and Financial Stability Statement to stakeholders.

Pension contributions increased from Rwf301 billion in June 2025 to Rwf457 billion in June 2026, according to the statement. Pension benefits paid also increased by 35.7% to Rwf101 billion, from Rwf75 billion a year earlier.

Contributions to Ejo Heza, Rwanda’s long-term savings scheme, also rose by 30% to Rwf14 billion from Rwf11 billion over the same period. More than mandatory contributions The increase in pension contributions follows major changes to Rwanda’s pension system that increased the mandatory contribution rate from 6% to 12% of gross salary from January 2025.

The contribution is shared equally between employers and employees. The contribution base was also expanded, meaning more components of workers’ earnings are taken into account when calculating pension contributions.

But according to Bernard Nsengiyumva, Executive Director of the BNR Financial Stability Directorate, the growth in the pension sector is not only a result of mandatory contributions.