Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
Less than 10pc to retire comfortably on pension
Members of the Kenya Retirees Association air their grievances at Jeevanjee Gardens in Nairobi. Research shows 19 percent of workers feel that they cannot afford to retire. FILE PHOTO | NMG
Less than a tenth of pension schemes are providing sufficient benefits to comfortably sustain members in retirement, an actuarial consulting firm says, revealing the pain retirees undergo despite making lifetime savings while employed.
According to the survey done by Actuarial Services East Africa (Actserv), retirees in defined benefit schemes have it worse than their counterparts in contributory schemes.
