New government should improve retirees' welfare

Samson Cherambos, former Presidential escort commander under President Daniel Moi receive presents from a group of former and serving police officers who paid him a call at his Kobujoi home in Nandi County. [Courtesy]

The dawn of a new government has the citizens' hopes high. The expectation is that those elected will improve the quality of life. The youth are hoping for job opportunities, businesspeople are looking forward to a conducive economic environment. Similarly, improvement in retirees' welfare for a dignified retirement life is part of the expected deliverables. At present, Kenyans above the age 60 years account for about 10 per cent of the population.

With asset growth from Sh40 billion to Sh1.6 trillion over the last two decades, the Retirement Benefits Authority (RBA) has come a long way in policy formulation, retirement planning, education and providing effective pension regulatory oversight. Still, we can always shift the goal posts and aim for more positive changes.