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Kenya’s pension bill hits Sh200bn as retirees face delays
The National Treasury spent Sh207.19 billion on pension and gratuities in the financial year ending June 2025.
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Business
Sh158 million in benefits unpaid as NSSF struggles to locate exited members
As of June 2023, total unremitted contributions stood at Sh26.9 billion, with a large portion owed by various government agencies, counties, and former municipal councils.
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Most retirees use pension to settle past financial burdens
The report suggests that retirement benefits are not being preserved primarily for post-employment living but are instead being used to cover unresolved financial demands.
Business
Sh30 billion pension hole exposes retirees to delays
The Treasury’s failure to fully fund pension obligations comes as it faces mounting pressure to clear a Sh57.24 billion pension bill in June alone.
Business
Treasury on the spot over Sh86 billion unpaid pensions
The Treasury, which defaulted on Sh23 billion last year, is now banking on a new Pension Management System to streamline access and reduce pressure on its cash-strapped operations.