Pension bill goes up by Sh40bn in 10 months

The National Treasury building in Nairobi. PHOTO | SALATON NJAU | NMG

Kenya’s pension bill increased by Sh39.5 billion in the 10 months to April, the sharpest growth in five years, highlighting the growing pressure on the Exchequer in paying retired civil servants.

The latest data from the Treasury shows that Kenya spent Sh113.72 billion on pensions in the period under review, a 53 percent jump from Sh74.19 billion in the corresponding period last year.

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