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Pension non-remittance hits Sh40b, RBA reveals

Hand putting Coins in glass jar with retro alarm clock for time to money saving for retirement concept. [Getty Images]

Public institutions have not remitted over Sh40 billion in pension contributions from their employees.

The Retirement Benefits Authority (RBA) Deputy Director for Supervision Caroline Wanjala said the most affected institutions were public universities, parastatals and county governments.

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