Battle over counties’ pension billions heads to Parliament

Parliament building in Nairobi

A row is brewing between the National Treasury and a pension fund administrator over the control of billions of shillings in pension deductions from employees of county governments.

The battle, which is being fought on the floor of Parliament, has seen Local Authorities Pensions Trust (Laptrust) – one of the pension bodies for Members of County Assemblies (MCAs) and employees of county governments – sponsor a private members bill in the National Assembly, seeking to dissolve Laptrust’s competitor Local Authorities Provident Fund (Lapfund) and take over its role as the sole administrator of all the 47 counties’ pension emoluments.