Members of Parliament have embarked on a fresh bid to award themselves fat retirement perks when the term of the current Parliament ends. This way, PSC will determine the estimates for payment of pension, gratuity, refund of contributions and other allowances payable to MPs. The Parliamentary Pensions (Amendment) Bill, 2019, if passed, would see MPs get gratuity for serving a single term or less. The payments will rise to Sh2.2 billion and Sh2.4 billion in the subsequent fiscal years, with the monthly pension bill set to rise by Sh266 million. The President also stopped the payment of Sh100,000 monthly lifetime pension for MPs who served between 1963 and 2001.

Source: The Star July 08, 2021 02:03 UTC