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Originally published by Nation Businessbusiness
August 21, 2026
4h ago
Treasury rejects call for merger of two public servants' pension schemes
Petitioners raised concerns over unequal benefits and delayed payments...
✨ Key Highlights
The National Treasury has urged Parliament to reject a petition calling for the merger of two public servants' pension schemes, citing fundamental differences between them.
- The National Treasury Principal Secretary Chris Kiptoo stated that the Non-Contributory Defined Benefit (DB) pension scheme and the Public Service Superannuation Scheme (PSSS) differ significantly in legal character, benefit design, financing, and actuarial treatment.
- The petition was filed by members of the Kenya National Association of Public Service Pensioners on behalf of retired public servants.
- As of July 31, 2026, the DB scheme had 319,207 pensioners with a monthly payroll of approximately Sh.7.8 billion, while the PSSS had about 529,635 active members with accumulated assets of approximately Sh343.75 billion as of June 30, 2026.
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