Retirement Fund or Fictional Fund?A Kenyan Worker’s Nightmare

2 December 2024

Kenya’s retirement system is facing a critical challenge as unpaid pension contributions have risen to an alarming Sh47.16 billion, putting workers’ financial futures at significant risk. According to the Retirement Benefits Authority (RBA), this represents a 12.3 percent increase from the previous year’s Sh42 billion in unremitted contributions, primarily affecting quasi-government institutions like public universities and county governments.