The National Treasury failed to release Sh23.78 billion for pension payments in the year ending June 2024 amid a cash crunch, new data shows, dealing a blow to more than 250,000 retirees and violating a fiscal requirement to treat the funds as a first charge in the budget.
At least 259,222 retirees and 83,615 dependents were affected by the delays attributed to “liquidity challenges”, the Treasury reveals in submissions before parliament.
