Pension Schemes Stories

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

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

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

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

RBA CEO called upon government agencies and non-state actors to intensify awareness campaigns and encourage individuals to save a portion of their ear...