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Posta to dissolve provident scheme
Postal Corporation of Kenya employees in Mombasa during a strike to demand for better pay. Postal Corporation of Kenya (PCK) is planning to wind up its junior staff provident fund within one month and move their retirement benefits to a pension scheme in reforms aimed at bolstering old age social security. File
Postal Corporation of Kenya (PCK) is planning to wind up its junior staff provident fund within one month and move their retirement benefits to a pension scheme in reforms aimed at bolstering old age social security.
Under the new system, junior staff will contribute towards their retirement savings with PCK, their employer, topping up with an equal amount.
