Counties to set up pension scheme
PHOTO | JACOB OWITI Bomet Governor Isaac Ruto. Bomet Governor Isaac Ruto said that they would push for full devolution of land matters for efficient administration.
What you need to know:
- Council of Governors Chairman Isaac Ruto says the new system will replace existing ones.
- A technical committee will be formed by governors to pave way for closure of current pension schemes and merger of retirement benefits of all county staff.
Counties have rolled out plans to set up a pension scheme for their workers.
Council of Governors Chairman Isaac Ruto says the new system will replace existing ones.
“The council takes cognisance of the provisions of the County Government Act number 17 of 2012 which provides for all staff of the county to subscribe to an existing pension scheme,” said Mr Ruto in a statement yesterday, also signed by his Kisii counterpart James Ongwae.
Most of the government workers are currently members of the National Social Security Fund and the County Pension Fund — which was until early this month known as the Local Authority Pension Trust.
The County Public Service Pension Scheme, to be established before the end of the year, will liaise with the Director of Pension at the National Treasury to protect the retirement benefits of county staff, according to the council.
Members of the county assemblies will be required to register in the scheme to consolidate all workers’ benefits.
However, staff seconded from the national government will remain under their old schemes pending absorption by the counties.
A technical committee will be formed by governors to pave way for closure of current pension schemes and merger of retirement benefits of all county staff.
Mr Ruto advised county secretariats to appoint implementation teams to pave way for the formation of the pensions board.
