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County workers risk retiring without pension savings

Laptrust building along Parliament road, Nairobi. (Photo: Elvis Ogina /Standard)

County Governments have not been remitting employees’ pension money amounting to Sh18.6 billion to the Local Authorities Pensions Trust (Laptrust).

As at September 30, 2017, Nairobi County, which accounts for 70 per cent of county employees membership in Laptrust, accounts for Sh12 billion of this amount, according to Laptrust fund manager CPF Financial Services Group.

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