Concern over county governments failure to remit employee pension

Counties Pensions Fund (CPF) Chief Executive Officer Hosea Kili (left) and Nyeri Speaker David Mwangi address journalists during the CPF annual general meeting [PHOTO: MURIMI MWANGI/STANDARD]

NAIROBI, KENYA: County governments have not remitted Sh30 billion to employees' pension and provident funds.

According to CPF Financial Services Group, the administrators of both schemes, counties had not remitted Sh12 billion to the Local Authorities Provident Fund (LapFund) as at September 30 2017. The devolved units had also not remitted Sh18 billion to the Local Authorities Pensions Trust (Laptrust), according to an earlier report by CPF Group.