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Prime
President Ruto retirement age order to cost taxpayers Sh24bn
President William Ruto. His directive to retire an ageing public service has unsettled the decades-old practice of retaining some workers in senior management and technical expertise on payrolls beyond the age of 60 to coach and train their juniors and avert a skills shortage.
Taxpayers will spend an additional Sh23.78 billion to pay off public servants who are retiring after attaining the age of 60 in line with a presidential directive aimed at curtailing growth in the wage bill.
Budget documents tabled in the National Assembly show that the Treasury is seeking approval from lawmakers to increase the pension bill to Sh223.15 billion this financial year ending June 2025, up from an initial estimate of Sh199.37 billion.
