MPs scrap age limit rule on accessing pension savings

The National Assembly in session. FILE PHOTO | NMG

Workers who lose or change jobs will now be allowed to access their employers’ pension contribution after MPs Thursday annulled a legal amendment that had locked the savings until they reach 50 years.

The MPs said that National Treasury and the Retirement Benefits Authority (RBA) did not properly seek views of Kenyans before adopting the legal notice that effectively locked more than Sh385 billion in the pension pool.

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