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Originally published by Citizen DigitalDecember 22, 2025
2h ago
With early planning, pension schemes are key for peace of mind after retirement #AD
With early planning, pension schemes are key for peace of mind after retirement #AD..
✨ Key Highlights
A recent Kenya’s 9th Pensioner Survey by the Retirement Benefits Authority (RBA) reveals a concerning lack of retirement preparedness among Kenyans, especially in the informal sector, emphasizing the urgent need for early and structured pension savings.
- Up to 83% of the informal sector is unprepared for retirement, while only 41% of respondents felt their savings were sufficient despite 30-40 years of saving.
- CIC Insurance offers re-engineered retirement solutions, including the Jipange Plus Pension Plan, which provides tax-exempt contributions and guarantees on investment income.
- A standout feature is the optional Post-Retirement Medical Fund (PRMF), allowing members to dedicate up to 10% of benefits or contribute up to Ksh. 15,000 per month with tax-deductible incentives for healthcare expenses.
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