Retirees decry cost of Ksh 65B unremitted pensions
Originally published by KBC Digital — Read the original article →
The Association of Retirement Benefits Schemes (ARBS) and the Retirement Benefit Authority (RBA) have decried the rising amount of unremitted retirement funds which currently stand at Ksh 65 billion.
The two agencies are now calling for a law to have pensions mainly for civil servants deducted from the Treasury to avoid the current crisis that is facing retirees.
Jane Nzau, the chair of the Association of Retirement Benefit Schemes decried the low uptake of retirement pension schemes in the country which stands at 26%ercent.