Firms freeze workers Sh2bn pension contributions

Retirement Benefit Authority (RBA) chief executive Nzomo Mutuku. FILE PHOTO | NMG

Employers suspended contributions to their workers’ pension schemes running into nearly Sh2 billion between April and September, citing the economic disruptions brought by the Covid-19 pandemic.

The Retirement Benefits Authority (RBA) allowed employers to suspend, modify or terminate their pension contributions following the outbreak of the respiratory disease in mid-March.

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