Blow to workers buying homes using pension

Busia Senator Okiya Omtatah.[Collins Kweyu, Standard]

The High Court has dealt a blow to workers registered with retirement benefit schemes by quashing a law that allowed them to purchase homes using pension money.

The amended law that was assented to by former President Uhuru Kenyatta, also allowed workers to secure mortgage loans. But in a judgement delivered Friday, Justice Anthony Ndung'u ruled that the law was illegally enacted by Parliament. The judge ruled in an application by Busia Senator Okiya Omtatah.