KUPPET retirement scheme Stories
The amendments, which take effect on January 1, 2026, have sparked controversy, with critics accusing national officials of entrenching themselves in...
A recent RBA survey highlighted the hardships facing retirees, with 57 per cent of pensioners stating that their savings were inadequate to sustain th...
Workers below 50 years will no longer be allowed to withdraw pension savings when switching jobs.
The committee was shocked to learn that for 15 years, the university deducted employee contributions but failed to remit both employee and employer co...
Despite the increase in payouts, the pension budget still falls short of its target by Sh28.74 billion, or 25.75 per cent.
The recruitment process sparked debate after critics pointed out that some shortlisted individuals had surpassed the mandatory retirement age of 60, c...
According to the audit, the UoN, as the primary sponsor, owed the pension scheme Sh7,223,501,000 an increase of over Sh1 billion from the previous yea...
The reform includes a substantial increase in the monthly deductible pension contribution limit, which has been raised from Sh20,000 to Sh30,000.
This growth is attributed to the full implementation of the NSSF Act, which was previously delayed due to a court injunction.This growth is attributed...
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...
Other high-end benefits requested by ICPAK included a dedicated driver, personal assistant, housekeeper, gardener, cleaner, and two armed security gua...
Unremitted employer pension contributions have emerged as the second-largest pending bill for parastatals.
The Committee led by Marsabit Senator Mohamed Chute, raised concerns over the dominance of Kalenjin and Kikuyu communities in the workforce of these a...
When becoming jobless, seniors tend to leave the labour force altogether rather than job-seeking.
The Finance Committee said introducing a gratuity scheme for MPs would be too expensive for the government.
Sponsored by Kimilili MP Didmus Barasa (Kimilili), the bill amends the Pensions Act to establish a clear timeline for pension disbursement and expedit...
"We must settle all their pensions for those who are eligible," he promised.
The measure was part of broader austerity steps aimed at adjusting government spending in light of the Finance Bill, 2024's withdrawal.
The report reveals that the proportion of children under 15 has been declining, while the numbers of youth, working-age adults, women of reproductive...
