Retirement Benefits Authority Stories

Unremitted pension contributions rise to Sh57 billion, threatening retirees' security
Maureen Kinyanjui  |  Mar 15, 2025

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

RBA plans to block pension withdrawals for savers under 50 years
Margaret Wanjiru  |  Mar 11, 2025

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

Senate probes Technical University of Kenya pension scandal as workers lose Sh5.3 billion
Maureen Kinyanjui  |  Mar 07, 2025

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

UoN retirees face pension crisis as varsity fails to remit Sh7.2 billion
Maureen Kinyanjui  |  Jan 15, 2025

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...

New reforms allow Kenyans to contribute up to Sh30,000 monthly to pension schemes
Maureen Kinyanjui  |  Jan 09, 2025

The reform includes a substantial increase in the monthly deductible pension contribution limit, which has been raised from Sh20,000 to Sh30,000.

MPs reject accountants’ proposal to give Auditor Generals huge retirement perks
Maureen Kinyanjui  |  Nov 27, 2024

Other high-end benefits requested by ICPAK included a dedicated driver, personal assistant, housekeeper, gardener, cleaner, and two armed security gua...

Crisis in Kenya's pension sector as Sh95 billion contributions remain unremitted
Maureen Kinyanjui  |  Oct 19, 2024

Unremitted employer pension contributions have emerged as the second-largest pending bill for parastatals.

National Assembly committee rejects MPs' push for one-term pension perks
Maureen Kinyanjui  |  Oct 04, 2024

The Finance Committee said introducing a gratuity scheme for MPs would be too expensive for the government.

Court orders Isiolo County to pay Sh675.7m in interest on employee deductions
Lucy Mumbi  |  Jul 24, 2024

According to the agreement, the total debt comprised a principal sum of Sh87 million and accrued interest of Sh675.7 million.

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.

Garissa youth urged to join pension schemes for future financial security
Issa Hussein  |  Apr 17, 2024

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

Retirement headache: Why some older workers are unable to retire
Charity Kilei  |  Mar 21, 2024

These stories resonate with many retirees in Nairobi, as highlighted by a 2022 survey conducted by the Retirement Benefits Authority.

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