Early retirement offer in State-owned firm mergers

Treasury Cabinet Secretary John Mbadi gestures during an interview with Reuters in Nairobi, Kenya on February 5, 2025.

Photo credit: Reuters

The Treasury is seeking money to pay off public workers who will retire due to the looming merger and dissolution of State-owned corporations, amid growing fears that some employees could be declared redundant.

Treasury Cabinet Secretary (CS) John Mbadi said the ministry had sought approval to allocate an undisclosed amount of money to fund the voluntary retirement scheme.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.