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Counties reject bid by State to run Sh60b pension fund

Bungoma Governor Wycliffe Wangamati (right) with Tinderet MCA Kipkurui Chepkwony at Council of Governors offices in Nairobi. [David Njaaga, Standard]

Governors and ward reps have opposed a decision by the government to take over the management of the Sh60 billion pension fund for county workers, terming it illegal.

MCAs took issue with the circular by Head of Public Service Joseph Kinyua requiring the Local Authorities Pension Trust (Lap Trust), County Pension Fund (CPF) and county governments staff pension schemes to comply with provisions of the State Corporation Act.

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