×
The Standard e-Paper
Truth Without Fear
The Standard Group Plc is a
multi-media organization with investments in media platforms spanning newspaper
print operations, television, radio broadcasting, digital and online services. The
Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
The government launched a contributory pension scheme for hundreds of thousands of government workers on Wednesday, to prevent a crisis in the government’s finances from growing retirement obligations.
Kenya, which is facing reduced tax revenue due to the coronavirus crisis and ballooning debt repayments, has been spending 2.9 per cent of its annual budget on pensions payments, the ministry of finance said, in a plan that does not involve contributions by individual workers.
Subscribe to our newsletter and stay updated on the latest developments and special offers!
join