@nzmkenya: When you change employer you can transfer your benefits to another scheme... it is not advisable to access your benefits early even if the law allows @SpiceFMKE#ASKRBA
@nzmkenya: With devolution, Laptrust changed name to @CPFKenya. We also have @LAPFUND. County empoyees can join either. Join the conversation @SpiceFMKE@ktnhome_ for more. #AskRBA
@nzmkenya: We are tackling challenges related to unremmitted contributions especially from public universities. We are working with @KeTreasury to ensure puplic institutions comply when it comes to statutory deductions. @SpiceFMKE@ktnhome_#ASKRBA
@nzmkenya: Minimum contribution differs from scheme to scheme... the money is invested as per @RBAKenya guideline. It is a diversfied portfolio... members get returns every year from the investment income (compound interest).
If you are younger you can contribute less to a #pensionschemeKE and still have enough income in retirement. If you are older you will be forced to save more hence hectic. Secret is to start early #AskRBA@SpiceFMKE@ktnhome_
We have partnered with Kenya Institute of Curriculum to incorporate financial literacy lessons in the CBC curriculum. That way learners will appreciate financial products more #ASKRBA
It is now possible to use part of your pension savings to purchase a residential house... you can also save for medical cover through your #pensionschemeke. We are working to bundle products like credit to make pension more attractive