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Originally published by Nation Business
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business
July 24, 2026
16h ago

Pension funds eye special T-bond to recover Sh71bn

Pension funds eye special T-bond to recover Sh71bn

The proposal is among measures by pension schemes to get the deducted but unremitted money...

✨ Key Highlights

Kenyan pension funds are urgently seeking the issuance of a special Treasury bond to recover over Sh71 billion in unremitted deductions, primarily from county governments, which is destabilizing retirement savings.

  • Sh71.4 billion is the total amount owed in unremitted pension deductions by quasi-government agencies, including counties.
  • CPF Group and the Retirement Benefits Authority (RBA) are key players pushing for solutions, with CPF Group CEO Hosea Kili engaging in talks.
  • Council of Governors (CoG) chairman Ahmed Abdullahi has called for the criminal prosecution of officials responsible for these failures.
  • Other proposed solutions include debt-asset swaps and deductions at source, though legal challenges exist for the latter.

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