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Gen-Z block pension curbs for under 50s

Wednesday, April 16, 2025 - 5 min read

Retirement Benefits Authority CEO Charles Machira speaks during the Association of Retirement Benefits Schemes (ARBS) meeting where stakeholders discussed the future of Kenya’s retirement benefits sector at Radisson Blu Hotel, Nairobi Upper Hill on March 14, 2025.

Photo credit: Wilfred Nyangaresi | Nation Media Group

By Kepha Muiruri

Business Reporter

Nation Media Group

The Retirement Benefits Authority (RBA) has ditched its push to block workers from accessing their pension savings before age 50 following opposition from young employees.

The regulator is now proposing that workers be allowed access to up to 40 percent of their retirement savings before clocking 50 years in changes targeted in the July Finance Bill.