Retirement Benefits Authority chief executive Edward Odundo. PHOTO | FILE
More than 1,500 employees of Technical University of Kenya (TUK) — formerly Kenya Polytechnic — are facing a bleak future in retirement after it emerged that they have lost nearly all their pension savings to the institution.
The Retirement Benefits Authority (RBA), the pensions regulator, has indicated that it intends to dissolve the Sh900 million scheme after the university failed to remit employee deductions for months, citing financial hardships.
