×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Tame wage bill lest it hurts pension system

NAIROBI: A section of the media, public and opposition scoffed at President Uhuru’s statement to the effect that to pay teachers the 50-60 per cent salary award, the Government would have to find an additional Sh118 billion to meet salary and pension obligations.

The Government runs a defined benefit plan and not a defined contribution plan, which nearly all private companies, run for their employees. 

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in