County Pen­sion Scheme law aims to end agony of thou­sands of re­tired em­ploy­ees

The Star (Kenya) - - Politics Ministries -

The trou­ble of re­tired em­ploy­ees of the for­mer mu­nic­i­pal coun­cils and the county gov­ern­ments while ac­cess­ing their pen­sion may fi­nally end. The Na­tional As­sem­bly Com­mit­tee on Labour and So­cial Wel­fare has fin­ished draft­ing the County Gov­ern­ment Pen­sion Scheme Bill 2016. Kil­ifi Se­na­tor Ste­wart Mwadzayo, chair­man of the com­mit­tee, said the Bill aims at safe­guard­ing the pen­sion. Cur­rently, Lap­fund and Lap­trust are the two pen­sion schemes to which county work­ers con­trib­ute. There are in­creas­ing con­cerns that many em­ploy­ees might lose their money due to lack of strong laws. “The Bill will en­able work­ers to know what hap­pens to their money and how they will re­ceive it once they reach the re­tire­ment age,” he said in Mom­basa on Fri­day. Coun­cil of Gov­er­nors chair­man Peter Munya wants the funds to be un­der the con­trol of county gov­ern­ments.

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