Retirement Benefits Authority Stories
The rise in assets under management to a record high was primarily driven by increased compulsory contributions to the NSSF in line with the ongoing i...
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...
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.
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 Finance Committee said introducing a gratuity scheme for MPs would be too expensive for the government.
According to the agreement, the total debt comprised a principal sum of Sh87 million and accrued interest of Sh675.7 million.
The Retirement Benefits Authority says seven out of 10 Kenyans in the labour market are likely to live in poverty after retirement.
RBA CEO called upon government agencies and non-state actors to intensify awareness campaigns and encourage individuals to save a portion of their ear...
These stories resonate with many retirees in Nairobi, as highlighted by a 2022 survey conducted by the Retirement Benefits Authority.
