News
Pain and loss as KEMRI retirees recount deaths over unpaid pensions before Senators
Lawyer Joe Mwariri, representing the group, told the committee the pensioners had every reason to expect timely payment after years of service.
pension
News
Civil servants lose billions as treasury delays pension contributions
The audit flagged Sh10.6 billion in contributions owed by the government during the period under review. This figure includes both employer and employee contributions that were deducted from workers’ salaries b...
Education and Career
TUK pension fund collapse: Senate probes missing Sh4.3 billion
The sitting, chaired by Senator Julius Murgor (West Pokot), examined a petition filed by the University Academic Staff Union (UASU) TUK Chapter, representing workers whose contributions were reportedly never tr...
Business
StanChart flags Sh5 billion profit loss over pension payout
In a profit warning issued on Tuesday, the bank said it expects its net income for the year ending December 31, 2025, to fall by at least 25 percent compared to the Sh20.06 billion profit posted in 2024.
Business
StanChart to pay Sh7bn in pension row after court loss
The 629 ex-staff successfully challenged the bank’s pension scheme conversion from a defined benefit to a defined contribution plan, saying the change short-changed their savings.
Business
Pension sector grows in assets but struggles with shrinking new membership
Data from the Retirement Benefits Authority (RBA) reveals that in 2024, only 245,581 new contributors were registered, highlighting the impact of slow formal job creation and the increasing dependence on tempor...
News
Supreme Court dismisses StanChart bid to stop Sh7bn pension award
A five-judge bench led by Deputy Chief Justice Philomena Mwilu on Friday rejected the application for stay of execution, ruling that the court had no jurisdiction to grant the request.
News
Proposed law to end pension delays and unlock savings for early exits
The proposed law targets to amend the Pension Service Superannuation Scheme Act (Cap 189A) to eliminate barriers that force public servants to wait years before accessing their funds.
News
Treasury unveils plan to clear Kenya Railways pension arrears
CS explained that the Kenya Railways Staff Retirement Benefits Scheme (KRSRBS) was facing difficulties because it had been set up as a non-contributory scheme.
News
Treasury CS warns counties as pension debt soars to Sh103 billion
Speaking during the devolution conference in Homa Bay, Mbadi said the arrears had risen sharply from Sh23.3 billion in recent years to over Sh103 billion, describing the situation as deeply worrying.
News
Raila, CoG Chair push for Governors’ pension and medical cover
CoG Chair noted that some cannot even afford basic necessities, including fuel for official duties, and questioned why pensions exist for MPs and an impending law will grant them to MCAs, yet governors are excl...
News
MPs back KBC pensioners in Sh3bn row over lost funds, legal fee dispute
Martin Nyongesa, who chairs the scheme, told MPs that by 2018 KBC had failed to remit Sh750 million in staff deductions, a figure that has now shot to Sh3.27 billion.