Retirees living on 22pc work life incomes

Kenyans are retiring with only 22 per cent of their pre-retirement salaries. FILE PHOTO | NMG

Newly retired Kenyans are surviving on a fifth of their working life income, according­ to retirement financial services firm Alexander Forbes.

Several market studies conducted in the past by the Retirements Benefits Authority (RBA) and Alexander Forbes show that Kenyans were retiring with only 22 per cent of their pre-retirement salaries.

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Note: The results are not exact but very close to the actual.