Pensions fund eyes Sh36b for counties from the Treasury

State wants to control funds run by the Local Authorities Pension Trust and County Pensions Fund. [Courtesy]

The County Pension Fund (CPF) wants the National Treasury and the Controller of Budget to directly pay it the Sh36.28 billion debt owed by county governments.

CPF Chief Executive Officer Hosea Kili does not want the Treasury to give counties their allocations after which the devolved units will use a portion of it to pay the debt as has been the case.