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

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

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

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...

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

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

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...

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

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

The proposals suggest raising the monthly deductible pension contributions from Sh20,000 to Sh30,000.

Unremitted employer pension contributions have emerged as the second-largest pending bill for parastatals.

This shortfall is compounded by rising pension costs, driven by a wave of retirements.

In the last Financial Year 2023-2024, payments amounting to Sh350 million were made to 2,950 deceased pensioners.

When becoming jobless, seniors tend to leave the labour force altogether rather than job-seeking.

The Finance Committee said introducing a gratuity scheme for MPs would be too expensive for the government.

Stakeholders agreed to form two multi-agency technical committees to address the concerns raised by county workers.

Sponsored by Kimilili MP Didmus Barasa (Kimilili), the bill amends the Pensions Act to establish a clear timeline for pension disbursement and expedit...

The SRC argued that the proposed pension scheme was neither affordable nor fiscally sustainable.

Haba Haba targets small-scale business people and those not formally employed, allowing them to contribute a small amount of money daily for their ret...

The Retirement Benefits Authority says seven out of 10 Kenyans in the labour market are likely to live in poverty after retirement.