Pension fund Stories

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...

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

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

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

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

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...

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

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

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