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Public pension crisis as 20,000 government staff retire this year

The share of civil servants above the age of 50 increased from 35 per cent in the year to June 2016. FILE PHOTO | NMG

Kenya’s public pension bill is set to grow by a fifth to Sh86.2 billion in the coming fiscal year with nearly 20,000 civil servants retiring in the year starting July.

The pension budget will increase from the current Sh71.8 billion to Sh104.4 billion in 2019/20 to keep retired civil servants comfortable in old age.

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

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