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Originally published by The Standardtop
September 1, 2026
1h ago
Mbadi tells Senate Counties owe Pension Schemes Sh 115.7 billion
CS John Mbadi has said that County Governments owe pension schemes a total of Sh115.7 Billion comprising principal interest, penalties and the actuarial deficit of this amount...
✨ Key Highlights
National Treasury Cabinet Secretary John Mbadi has revealed that County Governments owe pension schemes a staggering Sh115.7 billion, encompassing principal, interest, penalties, and actuarial deficits.
- The outstanding pension liabilities amount to Sh115.7 billion.
- County Executives are responsible for the largest portion, owing Sh103.2 billion (91 percent).
- A proposed Debt Settlement Agreement is awaiting the Senate's adoption and legal clearance from the Solicitor General.
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