Kenya. Public servants take salary cut in new pension plan

Civil servants, teachers and security forces are having to re-organise their budgets after taking a two per cent cut on their January payslips. The deductions will go towards financing the State workers’ newly introduced mandatory retirement savings plan, known as the Public Service Superannuation Scheme (PSSS). Retired public servants have been receiving lifetime pensions paid directly from the exchequer, but the new scheme will see them now shoulder a portion of the ballooning pension burden that hit Sh109 billion last...