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Railways scheme sits on Sh30b as thousands of retirees live in misery

Retired Kenya railways staff at the Milimani court afterb the hearing of a case in whichthey have sued overtheir pension.Justice Alfred Mabeya directed that the matter be heard on june 19.11/5/2015 PHOTO BY GEORGE NJUNGE

Caleb Nyakech passed away on July 2, 2016. The money that would have probably bought him more time hit his bank account on July 16, 2016.

He was to get his monthly pension for June on 25th of the same month, according to his pension scheme’s Trust Deed and Rules. Unfortunately, the Sh7,500 paycheck from the Kenya Railways Staff Retirement Benefits Scheme (KRSRBS) delayed. His killer did not.

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