Retirement Benefits Authority

Fresh State Board changes as Ruto, CSs appoint and reappoint officials

The President also appointed Moses Narok to chair the board of the LAPSSET Corridor Development Authority for one year.

New pension rules allow retirees to protect savings for medical bills

Under 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...

Private pension schemes hold Sh15.3 billion as employers redirect higher NSSF deductions

Figures released by the Retirement Benefits Authority show that by December 2025, a total of 5,523 employers had received approval to transfer the higher NSSF deductions to their occupational pension schemes.

Unremitted pension deductions fall to Sh66bn as regulator plans tougher action

The unpaid amounts relate to money already deducted from employees’ salaries but not transmitted to their pension schemes. The delay denies schemes the chance to invest the funds promptly and affects workers’ r...

RBA proposes Treasury funding freeze to tackle Sh72 billion pension arrears

In the new proposals, RBA seeks to restore a system where public agencies must show proof of full compliance before they can access statutory disbursements.

Pension defaults rise as NSSF arrears top Sh5 billion

During the review period, unremitted contributions alone accounted for Sh2.03 billion, split evenly between Sh1.01 billion from employees and Sh1.01 billion from employers.

Majority of low-income Kenyans lack pension savings

Experts warn that without savings, low-income earners face financial difficulties as they age, especially in a society where younger family members are no longer the main source of support. Many retirees or tho...

Voluntary NSSF savings slump 47pc as higher deductions take effect

Currently, employees earning Sh30,000 contribute Sh1,800 per month, those on Sh50,000 remit Sh3,000, while anyone earning Sh80,000 and above pays the maximum Sh4,320. Employers are required to match the workers...

Kenyan retirees strained by financial support to adult children, survey finds

A new nationwide study underscores the deepening impact of youth unemployment and shifting family roles on the country’s aging population.

Pension fund assets hit Sh2.2 trillion mark, driven by higher NSSF contributions

Pension arrears soar to Sh57 billion as retirees struggle

The amount of unremitted pension contributions in Kenya has surged to Sh57 billion as of December 2024, rising from Sh47.16 billion in June. The growing backlog has left many retirees facing financial insecur