MPs in secret push for Sh7m pension payout

Should PSC get its way, the money will be paid to former MPs who lost their seats in last year's General Election after serving only one term. FILE PHOTO | NMG

Parliament is secretly pushing the Treasury to pay over 300 former MPs a send-off package of at least Sh7 million each in defiance of the law.

The Parliamentary Service Commission (PSC) has asked the Treasury to allocate Sh2.1 billion in the supplementary budget for approval when MPs resume from recess on February 12, according to correspondence seen by the Business Daily.

PAYE Tax Calculator

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