Court stops law allowing workers to withdraw pension for home purchase

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Two civilians want Sh50 billion Hustler Fund declared illegal. PHOTO | POOL

High Court has stopped the implementation of the Retirement Benefits (Mortgage Loans) (Amendment) Regulations, 2020 which allows workers to withdraw part of their pension to buy a home. 

Justice Anthony Ndung’u said that the amendment to the law was done through an irregular and flawed process because Parliament did not allow for public participation. 

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