Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Local fund managers battle for civil servants’ pension billions
Civil servants aged 45 or less at the start of Public Service Superannuation Scheme Fund (PSSF) operations along with all new hires were required to make mandatory contributions to the fund.
Local fund managers are caught in a race to control billions of shillings held in the Public Service Superannuation Scheme Fund (PSSF), a pension scheme catering to new employees in the civil service.
PSSF, which commenced operations in January 2021, is a defined contribution scheme under which civil servants pay towards their retirement benefits topped up by Exchequer contributions.
