Pension-backed housing starts dimly amid calls for its overhaul

Kisumu County Governor Anyang' Nyong'o accompanied by LAPTRUST and County Pension Fund officials at Anderson Estate in Kisumu on December 10, 2020, where they launched an affordable housing project. [Denish Ochieng,Standard]

Access to affordable housing is a challenge to many public and private sector employees who retire without a home, despite having worked and saved towards a pension.

One of the initiatives by the government to increase access to housing was by amending the Retirement Benefits Act (RBA) to allow pension funds to be used as collateral for the purchase of a home.