pension uptake kenya Stories

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.

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.

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.

Taxpayers risk losing millions due to pension payment irregularities, audit reveals
Maureen Kinyanjui  |  Oct 15, 2024

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

Alarm as millions of Kenyan workers risk old age poverty
Francis Ayieko  |  Jun 02, 2024

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

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