Chief executives and trustees of 126 pension schemes whose fiscal years end in December could face a two-year jail term and a Sh500,000 fine for failing to file financial results with the industry regulator by the end of March.
Retirement Benefits Authority acting chief executive Nzomo Mutuku said only 975 pension schemes out of the total 1,101 with financial year ending December 31 had filed returns three months after the deadline.
