​​​​​​​Pension payouts rise 40pc as Treasury battles to clear backlog

Signage being put up at the NSSF building in Nairobi. 

Photo credit: File | Nation Media Group

Payouts to retired public sector workers jumped 40.39 percent in the first half of the current financial year as the Treasury raced to reduce backlog from the previous fiscal year.

Latest official numbers showed the Pension Department at the Treasury processed Sh82.84 billion in pension claims in the six-month period to last December compared with Sh59.01 billion in the same year a year earlier.

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