Agency wants pension membership made compulsory - News Summed Up

Agency wants pension membership made compulsory


| Updated Thu, May 4th 2017 at 00:00 GMT +3National Social Security Fund, Nairobi, Kenya [Photo Courtesy]A pension fund administrator is lobbying the Government to amend article 43 of the Constitution to make it mandatory for all Kenyans to contribute to a pension scheme. “When you look at the National Social Security Fund (NSSF), only formal employees are covered in that scheme. ALSO READ: State-owned banks’ merger still on, says CSThis group is covered through voluntary pension schemes. Mr Kili also weighed in on the raging debate on whether fund trustees should be paid for their role in the governorship of a fund. However, RBA should train them since many don’t understand the workings of a pension fund,” said Mr Kili.


Source: Standard Digital May 03, 2017 20:48 UTC



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