Nine-month pension payout misses target by Sh23 billion

UkurYatani1002ca

Treasury Cabinet Secretary Ukur Yatani. FILE PHOTO | NMG

Payments to retired public servants lagged the Treasury’s target by more than Sh20 billion in the first nine months of this financial year, latest exchequer data shows, pointing to a growing backlog in disbursements.

Exchequer data, the Treasury published last Friday, shows expenditure on pensions and gratuities to retired civil servants, teachers, police and military personnel amounted to Sh60.05 billion in the period July 2020 to March 2021.

PAYE Tax Calculator

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