pension contributions Stories

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.

Treasury targets pension tax relief with new payment structure
Lucy Mumbi  |  Nov 03, 2024

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

Crisis in Kenya's pension sector as Sh95 billion contributions remain unremitted
Maureen Kinyanjui  |  Oct 19, 2024

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

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