Pensioners Stories

Over 8,500 former Kenya Railways employees move to court over retirement fund property sale
Carolyne Kubwa  |  May 01, 2025

They are requesting the court to issue a Conservatory Order and/or Interim Injunction restraining the Respondents, whether by themselves or through th...

Retirees to receive tax-free gratuity in major policy shift
Maureen Kinyanjui  |  Apr 30, 2025

Retirees will benefit significantly as all gratuity payments, whether in public or private pension schemes, will now be fully tax-exempt, ensuring dig...

Katiba Institute seeks full disclosure of MPs’ mileage allowance details in push for accountability
Maureen Kinyanjui  |  Apr 12, 2025

The group is seeking clarity on how salaries are set and whether they are based on legal and economic considerations.

Pension fund assets surpass Sh2 trillion for the first time
Lucy Mumbi  |  Apr 05, 2025

The rise in assets under management to a record high was primarily driven by increased compulsory contributions to the NSSF in line with the ongoing i...

Muslim clerics threaten demonstrations against MPs’ pay rise
Lucy Mumbi  |  Apr 01, 2025

The SRC has awarded all 416 MPs and senators a fixed mileage allowance of Sh366,011 per month, amounting to Sh152.26 million monthly or Sh1.82 billion...

Health professionals slam government over MPs’ increased mileage allowances
Lucy Mumbi  |  Mar 30, 2025

The Kenya Environmental Health and Public Health Practitioners Union said the government is prioritising lawmakers' benefits over urgent healthcare ne...

CS Muturi proposes radical changes to root out ghost workers from public service
Maureen Kinyanjui  |  Mar 24, 2025

It proposes that the Public Service ministry take charge of an information system designed to eliminate ghost workers and streamline the payroll.

Pharmacy and Poisons Board lifts ban on popular painkiller Mefnac Oral Suspension
Charity Kilei  |  Mar 17, 2025

The restriction, which was initially imposed on December 11, 2024, was placed as a precautionary measure to allow for thorough investigations into the...

Unremitted pension contributions rise to Sh57 billion, threatening retirees' security
Maureen Kinyanjui  |  Mar 15, 2025

A recent RBA survey highlighted the hardships facing retirees, with 57 per cent of pensioners stating that their savings were inadequate to sustain th...

Majority of Kenya's retirees earn below Sh20,000 amid high dependency - RBA
Maureen Kinyanjui  |  Mar 12, 2025

Despite their limited income, many retirees remain financially responsible for their families. The survey found that 83.2 per cent of pensioners still...

RBA plans to block pension withdrawals for savers under 50 years
Margaret Wanjiru  |  Mar 11, 2025

Workers below 50 years will no longer be allowed to withdraw pension savings when switching jobs.

Counties risk penalties over Sh91.2 billion unpaid pension deductions
Maureen Kinyanjui  |  Mar 11, 2025

Despite the Treasury forming a task force last year to address the growing pension arrears, the debt continues to rise.

Senate probes Technical University of Kenya pension scandal as workers lose Sh5.3 billion
Maureen Kinyanjui  |  Mar 07, 2025

The committee was shocked to learn that for 15 years, the university deducted employee contributions but failed to remit both employee and employer co...

Auditor-General flags Sh179 million lying idle in pension fund for European widows
Maureen Kinyanjui  |  Mar 01, 2025

The Auditor-General also questioned why the idle funds were not invested in interest-earning accounts, estimating a missed opportunity to earn Sh21 mi...

University staff face uncertain future as Sh25.9bn in pension contributions remain unpaid
Maureen Kinyanjui  |  Feb 28, 2025

This financial crisis is causing deep concern among employees, many of whom face the prospect of retiring without the pension benefits they have worke...

State to acquire Telposta Pension Scheme properties in Sh10 billion deal
Lucy Mumbi  |  Feb 23, 2025

The government’s acquisition is expected to provide the scheme with the much-needed financial flexibility to continue supporting its pensioners.

Pension crisis: Universities, state agencies among top defaulters holding Sh57 billion
Lucy Mumbi  |  Feb 23, 2025

Public institutions are responsible for Sh54.4 billion of the unremitted funds, while Sh2.4 billion is owed by private sector entities.

80% of pensioners registered on new digital platform ahead of February 28 deadline
Maureen Kinyanjui  |  Feb 22, 2025

By January 31, 353,586 pensioners comprising 268,236 principal pensioners and 85,350 dependents were already part of the system.

Ombudsman gives Pensions Department 60 days to clear retirement benefits
Lucy Mumbi  |  Feb 14, 2025

The commission has directed the Pensions Department to process all pending claims within 60 days and submit a compliance report.

Treasury scrambles to clear pension backlog as payouts soar to Sh82.84 billion
Lucy Mumbi  |  Feb 08, 2025

Despite the increase in payouts, the pension budget still falls short of its target by Sh28.74 billion, or 25.75 per cent.

Kiptoo: Pensioners not on new portal by February deadline to be suspended from payroll
Lucy Mumbi  |  Jan 26, 2025

PS Kiptoo revealed that the country holds approximately Sh2 trillion in pension assets, yet only 26 per cent of Kenyans benefit from pensions.

Insurance withdrawals hit Sh13 billion as economic struggles among Kenyans deepen
Maureen Kinyanjui  |  Jan 11, 2025

The survey, published in December 2024, found that nearly half of insurance customers (44.1 per cent) skipped premium payments.

Government launches digital headcount of retirees to remove ghost pensioners, reduce wasteful spending
Maureen Kinyanjui  |  Jan 10, 2025

National Treasury Principal Secretary Chris Kiptoo stated that the February deadline is non-negotiable.

New reforms allow Kenyans to contribute up to Sh30,000 monthly to pension schemes
Maureen Kinyanjui  |  Jan 09, 2025

The reform includes a substantial increase in the monthly deductible pension contribution limit, which has been raised from Sh20,000 to Sh30,000.

Pensioners miss out on Sh34 billion payments due to Treasury delays, system downtime
Lucy Mumbi  |  Jan 03, 2025

As of September 30, 2024, pension payments for ordinary and commuted pensions had reached Sh58.57 billion, but only Sh24.23 billion was covered by exc...

KeNHA, Kerra, Ketraco top list of parastatals with billions in pending bills
Lucy Mumbi  |  Dec 29, 2024

State agencies in the Ministry of Roads and Transport are the largest contributors to the pending bills crisis, with debts totalling Sh173.7 billion.

Unpaid PAYE, pension deductions for civil servants hit Sh6.36bn in three months
Maureen Kinyanjui  |  Dec 24, 2024

The CoB's report reveals that unremitted PAYE alone rose by Sh3.85 billion, bringing the total outstanding amount to Sh22.89 billion.

County governments struggling to settle retirees' dues as funds diverted to other uses
Maureen Kinyanjui  |  Dec 13, 2024

The diversion of funds has left many retirees, some of whom have passed away, without the financial support they worked hard to secure during their em...

Unpaid pension funds rise to Sh47.16 billion, leaving Kenyan retirees at risk
Lucy Mumbi  |  Dec 02, 2024

In Kenya, employers who delay sending pension money are fined Sh20,000 or five per cent of the unpaid amount every month.

CS Mbadi forms taskforce to address counties’ Sh80 billion pension arrears
Maureen Kinyanjui  |  Nov 23, 2024

According to Mbadi, the team will develop a strategy that allows county governments to clear outstanding pension liabilities.

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