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RBA targets to punish CEOs for unremitted pension billions
Retirement Benefits Authority CEO Charles Machira speaks during the Association of Retirement Benefits Schemes (ARBS) meeting where stakeholders discussed the future of Kenya’s retirement benefits sector at Radisson Blu Hotel, Nairobi Upper Hill on March 14, 2025.
Photo credit: Wilfred Nyangaresi | Nation Media Group
The Retirement Benefits Authority (RBA) is pushing for changes to the law to rein in the chief executive officers (CEOs) and accounting officers of State agencies who collected but not remitted statutory deductions, which have since stockpiled to Sh72 billion as of June 2025.
The retirement industry regulator also plans to enlist the help of the Kenya Revenue Authority (KRA) in its quest to collect the unremitted pension deductions.
