• Contact Us
  • Subscribe
  • Newsletter
  • Log In
  • Facebook
  • Twitter
  • -Video Newsletter
  • Linkedin
Go to...
    Pension Policy International Pension Policy International
    • HOME
    • ABOUT US
      • Meet the Team
      • Editorial Board
    • NEWS
    • ARTICLES
      • Regulation
      • Labor Market
      • Investing
      • System Sustainability
      • Pension Design
      • Corporate Governance
      • Adequacy
    • Op-Ed
      • PPI’s original Op-Eds
    • BOOKS
    • STORE
    • CONTACT US
    • Facebook
    • tw
    • Video Newsletter
    • Linkedin
    • English
    • Español
    Go to...
      Home»News » Kenya. Nairobi Pensioners risk not getting pay-outs owing to a Sh13billion City Hall debt to Laptrust

      Kenya. Nairobi Pensioners risk not getting pay-outs owing to a Sh13billion City Hall debt to Laptrust

      PensionPolicyIntl
      March 19, 2018
      News, Slider
      0 Comments
      Views : 70
      0

      Retired City Hall employees risk losing their pension dues amounting to Sh13 billion. This follows failure by the Nairobi county government to remit contributions to the fund manager.

      Local Authorities Pensions Trust (Laptrust) retirement scheme, which manages City Hall’s pensions scheme, says the county has not remitted pension deductions since 2013. It estimates the debt to be about Sh13 billion.

      Laptrust, which also manages pension schemes for workers of other county governments in the country, has threatened to take over prime property owned by City Hall to settle the debt, which includes contribution arrears of Sh6 billion, accrued interest of Sh5.5 billion and actuarial deficit of Sh1.1 billion.

      Read More: Standard Media

      Share :
      • Facebook
      • Twitter
      • Google+
      • Linkedin
      • Email

      Related Posts

      • News April 24, 2018

        Blockchain Voting App Developed By Kas Bank

        Blockchain Voting App Developed By Kas Bank
        News, Slider April 24, 2018

        Malaysian pension fund to review investment strategy

        Malaysian pension fund to review investment strategy
        News, Slider April 24, 2018

        Top 5 most sustainable pension systems worldwide

        Top 5 most sustainable pension systems worldwide
      • News, Slider April 24, 2018

        UN supports Nigeria’s ageing policy

        UN supports Nigeria’s ageing policy
        News April 23, 2018

        Greece. Union labour ministry to assess long term viability of Employees Pension Scheme

        Greece. Union labour ministry to assess long term viability of Employees Pension Scheme
        News, Slider April 23, 2018

        Europe's pension problem spurs return of veteran investors

        Europe’s pension problem spurs return of veteran investors

      Leave a reply

      Click here to cancel reply.


      RECOMMENDED READING
      Free to Choose: A Personal Statement Financializing Poverty: Labor and Risk in Indian Microfinance Healthy Ageing: A Capability Approach to Inclusive Policy and Practice Pension Reform in Latin America and Its Lessons for International Policymakers Political Preferences and the Aging of Populations: Political-economy Explanations of Pension Reform Pensions: Backgrounds, Trends and Issues English Pension Schemes ACT 2017 When I’m Sixty-four: The Plot Against Pensions and the Plan to Save Them Gender and Social Security Reform: What’s Fair for Women? The High Cost of Good Intentions: A History of U.S. Federal Entitlement Programs Rescuing Retirement Social Security, Medicare and Government Pensions: Get the Most Out of Your Retirement and Medical Benefits

      Subscribe to our mailing list

      * indicates required

      Latest Tweets

      • @PensionPolIntl Profuturo AFP: Esta será su estrategia para seguir creciendo #PensionesPe #Profuturo #crecimiento… https://t.co/wT1ngjtvE8
        about 11 hours ago
      • @PensionPolIntl Optimización del Fondo de Garantía de Pensión Mínima #PensionesCo #Colpensiones #FondoDeGarantía… https://t.co/bD5Kker8ox
        about 12 hours ago
      • @PensionPolIntl SI SE CANCELA AEROPUERTO, EL IMPACTO EN PENSIONES SERÍA MÍNIMO, DICE LA AMAFORE #PensionesMx #Afores @Amafore_mx… https://t.co/KYlVmFVzUp
        about 13 hours ago
      • @PensionPolIntl Discover why Australia, Canada, Denmark, Germany and Switzerland have the most sustainable pension systems… https://t.co/RydOBH2VBg
        about 17 hours ago
      • @PensionPolIntl UN supports Nigeria’s ageing policy #PensionsNg #Aging @UN https://t.co/hfwPNKbo6I https://t.co/pHA8sLxrPi
        about 18 hours ago

      Recent Posts

      • Do pension participants want the freedom to choose or the freedom to snooze?
      • Blockchain Voting App Developed By Kas Bank
      • Malaysian pension fund to review investment strategy
      • Top 5 most sustainable pension systems worldwide
      • UN supports Nigeria’s ageing policy

      Categories

      Latest Tweets

      • @PensionPolIntl Profuturo AFP: Esta será su estrategia para seguir creciendo #PensionesPe #Profuturo #crecimiento… https://t.co/wT1ngjtvE8
        about 11 hours ago
      • @PensionPolIntl Optimización del Fondo de Garantía de Pensión Mínima #PensionesCo #Colpensiones #FondoDeGarantía… https://t.co/bD5Kker8ox
        about 12 hours ago
      • @PensionPolIntl SI SE CANCELA AEROPUERTO, EL IMPACTO EN PENSIONES SERÍA MÍNIMO, DICE LA AMAFORE #PensionesMx #Afores @Amafore_mx… https://t.co/KYlVmFVzUp
        about 13 hours ago

      Sign in

      • Lost Password
      © Copyright 2017 WE ACCEPT PAYMENTS WITH OPENPAY