County pension arrears hit Sh50bn as governors demand arrests

Quasi-government agencies, including counties, owe more than Sh71.4 billion in unremitted deductions...

✨ Key Highlights

The Council of Governors is demanding the arrest and prosecution of county officials responsible for accumulating over Sh50 billion in unremitted pension deductions.

County pension arrears have reached a staggering Sh50 billion.
Key players include the Council of Governors, Retirement Benefits Authority (RBA), and CPF Group.
The non-remittance of statutory deductions is considered a criminal offense, hindering fund growth despite a 10 percent annual return.

Continue Reading

Read the complete article from Nation Counties

📰 Read Full Article

Related News

top2d ago

Nairobi county retirees demand answers over delayed pension benefits

Retired Nairobi County employees are facing significant financial hardship due to persistent delays in receiving their pension benefits. Eastleigh South Ward MCA Nicholas Juma has raised concerns in the Nairobi County Assembly, demanding answers regarding the delayed payments from the Local Authorities Pension Trust (LAPFUND) and the remittance of statutory deductions.

The Standard

📰 Read Full Story

Video

Governor Sakaja: Gikomba title deeds are just papers, land is county property

The Star (Youtube)

20h ago

1w ago

County workers' pension at risk in Sh2 billion Lapfund real estate mess

The Auditor General has raised alarms over potential financial losses totaling up to Sh2 billion at the Local Authorities Provident Fund (Lapfund) due to significant irregularities in real estate projects.

The Standard Business

📰 Read Full Story