Musalia to get Sh41m pension perks for two-month VP job - News Summed Up

Musalia to get Sh41m pension perks for two-month VP job


The payments are executed in line with the provisions of the Retirement Benefits (Deputy President and Designated State Officers) Act, 2015. Musalia, Treasury data shows, was enrolled in monthly pension payroll from April 2014 and has continued to receive a monthly pension to date. His pay was capped at Sh214,691 per month, being retirement benefits provided under the Parliamentary Pensions Act, Chapter 196 of the Laws of Kenya. The National Assembly lodged a claim of payment of his retirement benefits in March 2014 under the Parliamentary Pensions Act, effective February 2013. Following the conversion in line with the DPDSO Act, the former VP will now earn a monthly pension of Sh240,000—calculated at 80 per cent of the last earned salary.


Source: The Star June 28, 2021 21:08 UTC



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