Speaking on Radio Generation on Tuesday, Odhiambo Ramogi said he was “very uncomfortable” with the idea of greater government involvement in pensioners’ money, arguing that retirement savings should not be exposed to investments driven by political considerations.
By David AbonyoThe President said Africa has more than $2 trillion in domestic non-bank capital, including more than $1 trillion in pension and insurance assets, but much of this money is not reaching projects that need long-term financing.
By Maureen KinyanjuiSpeaking at the “Africa We Build” high-level roundtable in New York on September 21, 2026, Ruto said Africa’s challenge was no longer a shortage of capital, but the rules determining where the money can be invested.
By Samuel OtienoThe County Governments Retirement Scheme Bill, 2026, proposes a new retirement arrangement for eligible county state officers, public officers and employees.
By Maureen KinyanjuiThe committee, chaired by Muchangi Karemba (Runyenjes), has been examining petitions brought before it by members of the public and holding discussions with those directly involved in the matters raised.
By Maureen KinyanjuiThe Public Service Superannuation Fund, which manages Sh340.4 billion for more than 529,000 public servants, has reduced the portion of its portfolio held in government securities from 99 per cent in 2023 to 74 per cent.
By Maureen KinyanjuiUnder the new arrangement, money placed in a post-retirement medical fund will remain available for healthcare-related needs. Members can use it to obtain insurance cover, settle medical bills or recover money already spent on treatment.
By Maureen KinyanjuiThe Public Service Commission (PSC) has rejected petitioners’ claims that Kenya’s move to the Public Service Superannuation Scheme created a discriminatory dual pension system. The Public Service Superannuation Fund (PSSF) says merging the schemes would require major legal, constitutional, actuarial and financial reforms.
By David Bogonko Nyokang'iUnder the committee’s proposal, MCAs will contribute 7.5 per cent of their earnings towards the pension scheme, while county governments will contribute 15 per cent.
By Maureen KinyanjuiTreasury CS Mbadi told the Senate Committee on Labour and Social Welfare that private universities have been seeking payment for years, with his office now faced with numerous claims from institutions that provided services but were not paid.
By Maureen KinyanjuiAddressing a press conference, Uasu-UoN Secretary-General Prof George Osanjo said the university's academic workforce has already declined sharply over the last six years and warned that the latest policy could trigger another major reduction.
By Maureen KinyanjuiIf approved, the law will benefit MPs who served two terms, stayed out of Parliament for at least 10 years and were later re-elected. Their earlier years in office will attract a 2.5 per cent annual adjustment when their pension is calculated, although the total service considered will not exceed four parliamentary terms.
By Maureen KinyanjuiThe now-withdrawn ruling had rejected an application seeking to stop the implementation of a 2022 judgment by the Employment and Labour Relations Court, which had declared sections of the NSSF Act, 2013 unconstitutional.
By Maureen KinyanjuiAnother issue raised in the petition concerns the payment of benefits to dependants following the death of a pensioner.
By David Bogonko Nyokang'iThe changes, aimed at improving retirees’ welfare, come through the Tax Laws (Amendment) Act, 2024, which was assented to in December 2024.
By David AbonyoUnder the plan, judges would not contribute to their retirement fund, meaning the government would shoulder the entire cost. This is against the commission’s recommendation to place all state officers under a defined contribution scheme, which aligns with national policy and the Pensions Increase Act, 2005.
By Rose Achieng