Timely pension remittance key to securing retirement benefits

The judges ruled that once pension contributions are remitted into a scheme, they cease to be public property.

Photo credit: Fotosearch

Increased pension scheme membership, now standing at about 7.71 million Kenyan workers, is a commendable achievement. Employees contribute to pension schemes with a promise that when they can no longer work, that money will be waiting for them.

For a growing number of workers, that promise will be realised based on timely contributions. The law and regulations on pension schemes in Kenya provide guidelines and remedies on contributions.

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