Pension payout to retired public servants rises to record Sh145bn

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

Expenditure on retired public servants for the fiscal year ended June grew at the fastest pace in six years, pointing to improved processing of the payouts by the Treasury.

Pension and gratuity payouts grew 32 per cent to a fresh record of Sh145.6 billion compared with Sh110.3 billion in the prior year, Treasury Secretary Ukur Yatani says in the exchequer data for the year ended last month.

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