Public Servants to Access Pension Savings Early in Proposed Law
The proposed law aims at making the management of the fund more accountable and responsive to the interests of all public servants...
✨ Key Highlights
A new bill, the Public Service Superannuation Scheme (Amendment) Bill, 2025, proposes to allow public service employees to access their pension savings before reaching retirement age. Sponsored by National Assembly Majority Leader Kimani Ichung'wah, the legislation aims to remove long-standing obstacles preventing timely access to funds.
- Under the proposed bill, employees will have immediate vesting of all retirement savings, including personal and government contributions, upon leaving employment.
- The bill mandates employers like the Teachers Service Commission and the National Police Service to remit deductions within ten working days after month-end, with penalties for non-compliance.
- New governance structures are proposed, including representation from unions such as the Kenya National Union of Teachers (KNUT) on the board of trustees.
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Govt Introduces Policy Changes on Pensions, Land Rates, Karura Forest Fees and Excise Duty - September 2025
A new proposal, the Public Service Superannuation Scheme (Amendment) Bill, 2025, aims to allow public service employees to access their pension savings before retirement. In Taita Taveta, Governor Andrew Mwadime announced a waiver on unpaid land rates, including a 100 per cent waiver on penalties and a 40 per cent reduction on the principal. The government has also directed that Karura Forest entrance fees be paid through the eCitizen platform, a move criticized by Karura Ward Representative Kamau Thuo. Additionally, the Kenya Revenue Authority (KRA) has invited public feedback on the Draft Excise Duty (Remission of Excise Duty) Regulations, 2025, with a 20-day submission deadline.
