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Non-remittance is weakening Kenya’s pension ecosystem
Postal Corporation of Kenya (PCK) former employees in a peaceful demonstration outside the General Post Office (GPO) building located along Kenyatta Avenue on February 26, 2021 demanding for their pension funds not paid to them since they were retrenched back in 2006.
When a county worker or university lecturer looks at their pay slip, they often see a deduction marked “pension contribution.”
What many don’t realise is that, in far too many institutions, the money never reaches the retirement fund. It’s withheld, sometimes for years, by cash-strapped or poorly governed employers.
