C
Originally published by Capital Businessbusiness
September 18, 2025
4h ago
Non-629 ex-StanChart pensioners want benefits re-calculation applied on them

 NAIROBI, Kenya, Sept 18 - Representatives of the non-629 pensioners of the Standard Chartered Kenya Pension Schemes are demanding equal treatment Kenya breaking news | Kenya news today |..
✨ Key Highlights
Former employees of Standard Chartered Kenya Pension Schemes, known as "non-629 pensioners," are demanding that a recent Supreme Court ruling, which awarded billions in underpaid benefits to a different group of ex-employees, also applies to their benefits recalculation.
- The non-629 pensioners, including Davies Kajogu, Lawrence Aswani, Paul Wanyoike, and Atsyaya Onzere, insist their benefits should be recalculated due to flawed actuarial factors.
- The Supreme Court upheld earlier rulings confirming wrong actuarial factors were applied, dismissing an appeal by StanChart.
- The Deputy Chief Justice, Philomena Mwilu, stated the Supreme Court could not invoke Article 163(4)(a) of the Constitution based on mere allegations.
- The pensioners threaten to petition the RBA under Section 46 of the Retirement Benefits Act for trustee removal if their demands are not met.
- Standard Chartered Bank has already begun pension payments to the 629 former employees involved in the initial ruling.
Continue Reading
Read the complete article from Capital Business