Payouts to retired public service workers lagged the target by Sh23.65 billion on a pro rata basis in the first quarter of the year ended September 2024, pointing to a deepening cash crisis in the public sector on the back of softening tax receipts.
The Pension Department at the National Treasury processed Sh32.14 billion in payments to retirees in the review period, a modest 4.23 percent growth from Sh30.83 billion a year ago.
