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House team raises concerns over pension payout delays
Retirees missed out on Sh23 billion worth of pension in the 2023/24 financial year after the Treasury defaulted amid cash-flow hitches largely triggered by revenue shortfalls and mounting foreign debt payments.
A parliamentary committee has flagged the relentless slowdown of pension payments to retired public servants amid financial struggles by the National Treasury.
The National Assembly Public Debt and Privatisation Committee said the delays and at times defaulted pension payments are exposing thousands of retired public servants to undue financial duress.
