Kenya Railways Staff Retirement Benefits Scheme Stories

The Kenya Railways Staff Retirement Benefits Scheme was set up in 2006 after the restructuring of the corporation, inheriting liabilities of more than...

Thousands of current and former TUK employees risk losing their life savings amid allegations of negligence and fund misuse.

The move follows revelations that Sh244 million deducted from employees’ salaries between 2009 and 2013 was never remitted into the registered scheme.

The institution reportedly failed to remit staff contributions for years, with funds deposited into an unregistered and non-compliant account.

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