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A look at various retirement schemes in Kenya

Adil Suleman Head of Actuarial Division at Zamara

NAIROBI, KENYA: The retirement benefit sector represents one of the largest institutional investors in the country. However, despite the important role the sector plays particularly during sunset years a large population don’t seem to understand how retirement schemes operate.

Kenya has different types of schemes that any individual can join. Besides the statutory scheme, the National Social Security Fund (NSSF), retirement schemes can be classified as either individual or occupational schemes.

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