23Jul

Kenya. Counties owe Sh17bn in pension fund dues

News, Slider

County governments owe the County Pension Fund (CPF) more than Sh17 billion in unremitted contributions, the Nation has learnt.

This emerged after the retirement fund expressed concern over delays in remittance of pension by the devolved units.

Speaking at a Naivasha hotel on Saturday during an annual general meeting, CPF chief executive officer Hosea Kili said the anomaly was posing a major challenge to the operations of the umbrella savings scheme.

Read more @Daily Nation

Related Posts

30Apr

UK. People’s Pension ramps up ESG expectations of asset managers

The People's Pension, Crawley, England, is expecting more from its asset managers when it comes to responsible investment. The £26... read more

30Apr

Czechs approve raising retirement age to help future budgets

The Czech government approved changes to the country's pension system on Tuesday, raising retirement ages and lowering pensions for... read more

30Apr

UK. ‘Shocking’ tech leaves pensions industry in precarious position

The pensions industry has built up a ‘technical debt’ that must be addressed if it is to engage and... read more

30Apr

Dutch pension sector’s funding ratio improves

In the first quarter of 2024, Dutch pension funds saw their funding ratios improve relative to the previous quarter,... read more

29Apr

25% of Americans over 50 don’t expect to retire. How to start saving

About a quarter of Americans above the age of 50 say they expect to never retire as the cost... read more

29Apr

UK’s opposition Labour Party commits to triple-lock pension policy

Britain’s opposition Labour Party has committed to keeping for at least five years the so-called triple lock that guarantees... read more

29Apr

Germany to hike pensions nationwide by 4.57%

The more than 21 million pensioners in Germany would receive a substantial 4.57 percent pension increase beginning on July... read more

29Apr

Czech Republic. Government to debate proposed pension reform next week

The government is set to discuss proposed changes to the pension system on Tuesday. The proposal envisages a gradual... read more

26Apr

Mexican lawmakers approve new pension fund backed by president

Mexico's Senate approved the creation of a new pension fund on Thursday aimed at boosting payouts to the lowest-earning... read more

26Apr

Nearly Half of the Largest US Pension Funds are More Than 100% Funded, Milliman Reports

Milliman, which tracks the status of the largest 100 corporate defined benefit plans in the U.S., reported that corporate... read more