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RBA to block under 50s from pension savings
From left: Retirement Benefits Authority (RBA) Chairman Nelson Havi, National Treasury Principal Secretary Chris Kiptoo and RBA CEO Charles Machira launch the Retirement Benefits Authority Strategic Plan 2024-2029 and the National Retirement Benefits Policy at Kenyatta International Convention Centre (KICC) on August 29, 2024.
The Retirement Benefits Authority (RBA) is pushing to stop workers from accessing their pension savings before attaining the age of 50 through proposed changes that are aimed at helping contributors build a decent retirement nest egg.
The regulator, in fresh budget proposals that are under public review, wants the Treasury to delete part of the law allowing workers under 50 to access half of their pension benefits when they change jobs.
