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Agency wants pension membership made compulsory

National Social Security Fund, Nairobi, Kenya [Photo Courtesy]

A pension fund administrator is lobbying the Government to amend article 43 of the Constitution to make it mandatory for all Kenyans to contribute to a pension scheme.

CPF Financial Services, formally Laptrust, wants the constitutional provision that currently only demands the State provide social security to its citizens, amended to compel Kenyans in both informal and formal employment to contribute to a new fund to be set up by the National Treasury.

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