Pensioners Stories

A recent RBA survey highlighted the hardships facing retirees, with 57 per cent of pensioners stating that their savings were inadequate to sustain th...

Despite their limited income, many retirees remain financially responsible for their families. The survey found that 83.2 per cent of pensioners still...

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

PS Kiptoo revealed that the country holds approximately Sh2 trillion in pension assets, yet only 26 per cent of Kenyans benefit from pensions.

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

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...

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

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

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