Retired Kenyans in Push to Have Pensions Match Living Cost

Kenya Association of Retired Officers wants the Salaries and Remuneration Commission  (SRC) to review pensions to align this with the current economic realities.

The lobby says some of its members have been receiving pension of Ksh.3,000 for over 10 years despite the rising cost of living.

They want pensions to be included among the annual reviews by SRC in accordance with the Public Sector Remuneration and Benefits Policy Framework, of June 2015.

The government, during the Kenya Social Protection Conference 2023, committed to increasing social protection coverage, including increasing coverage of the National Safety Net Programme from 1.2 to 2.5 million households.

“These recommendations unfortunately, have never been effected and low levels of pension whose value is diminishing with time, continue to be paid to the retirees some of them drawing as low as Sh3,000 which is way below the national poverty line in Kenya,” said KARO chair Ahmed Hussein.

Hussein said the lobby proposed a review of the pension paid to those who retired before 2005 and adjustment of pension to take into account inflation and cost of living.

The proposal was approved by parliament and forwarded to the SRC and the National Treasury.

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Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

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