| Updated Fri, February 3rd 2017 at 09:07 GMT +3Kenya Railways Staff Retirement Benefit Scheme (KRSRBS) has paid out Sh200 million in pension arrears, bringing to a close a long wait by more than 8,500 pensioners. The pension fund, which boasts over Sh30 billion in assets, has been dogged with controversies, delaying payments to its ageing former workers by over a decade. “The arrears settled this week have been outstanding since January 2005 and I would like to thank the pensioners for their patience,” he said. “We are not there yet as our pension payroll is Sh73 million while the rental collection is 50 million.”The initial total pension arrears and lump sum stood at Sh774 million, of which Sh574 million had been paid earlier, leaving the balance of Sh200 million unpaid. ALSO READ: Kenya Railways to operate express trains on SGRKenya Railways Staff Retirement Benefit Scheme says it has been unable to sell off billions of its properties to pay its pensioners owing to several of its assets being locked up in court cases.

Source: Standard Digital February 03, 2017 06:11 UTC