Government rejects merging Kenya’s old DB pension scheme with PSSS, citing financial and legal challenges.
Government rejects merging Kenya’s old DB pension scheme with PSSS. [File, Standard]
Pensioners who did not join the defined benefit scheme at the time provided cannot transition from the old programme at the moment unless the law is amended.
This came as the government warned that merging Kenya’s old civil service pension scheme with the newer contributory scheme could bring back the financial pressures that necessitated pension reforms.
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Government rejects merging Kenya’s old DB pension scheme with PSSS, citing financial and legal challenges.
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