Budget Memorandum 2023/2024: Call for Policy Proposals
The Retirement Benefits Authority (RBA) is inviting all stakeholders to submit policy proposals by August 17, 2023 towards the 2023/2024 Budget Memorandum. The Authority will consider all submissions received before finalizing the memorandum to be submitted to the National Treasury and Planning. These proposals are aimed at changing the legislative framework that governs the pension …
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RBA partners with Netfund to plant 4,000 trees
Retirement Benefits Authority Chairman Nelson Havi and Chief Executive Officer Charles Machira plant a tree today during Kaptagat Forest Annual Tree Planting event in Elgeyo Marakwet county. The Authority gave Ksh200,000 to the National Environment Trust Fund to buy, plant and maintain 4,000 seedlings in the forest. The National Environment Trust Fund is a state …
Public Participation Forums on Draft National Retirement Benefits Policy
Pursuant to the Statutory Instruments Act No. 23 of 2013, the Authority hereby invites stakeholders, Trustees and members of retirement benefits schemes, service providers to the pension industry and members of the public to a public participation forum on the draft national retirement benefits Policy as follows: Region Venue Date Nairobi Crowne Plaza/Mercure Hotel, Upper …
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Registered Administrators, Custodians and Managers
Persuant to the provisions of Sections 22(3) and 29(2) of the Retirement Benefits Act, the Authority would like to bring to the attention of the Retirements Benefits Industry, the list of the registered Administrators, Custodians and Managers as at 28th February 2023.
REMINDER NOTICE TO RETIREMENT BENEFITS SCHEMES
FILING OF SCHEME ACCOUNTS AND PAYMENT OFTHE RETIREMENT BENEFITS LEVY The Retirement Benefits Authority would like to bring to the attention of Trustees, scheme administrators andother service providers of retirement benefits schemes whose financial year ended on 31st December 2022,the following provisions of the Retirement Benefits Act, 1997 and the Regulations therein: In this regard, …
Public Participation Forums – PRMF Regulations
Pursuant to Section 55(3) of the Retirement Benefits Act, the Retirement Benefits Authority has drafted a Post-Retirement Medical Funds Regulations and hereby invites the members of the public and more particularly, the stakeholders in the retirement benefits sector to attend and participate in the public forums and submit their views as scheduled hereunder: S/NO REGION …
Top 8 ways to Approach Saving for Retirement
1) Start saving, keep saving and stick to your goals.If you are already saving, whether for retirement or another goal, keep going. If you’re not saving, it’s time to get started. Start small if you have to and try to increase the amount you save each month. The sooner you start saving, the more time …
Notice to stakeholders on NSSF Act 2013
Pursuant to the provisions of Regulation 21 and the Fourth Schedule of the National Social Security Fund Act No. 45 of 2013 which came into effect on 1st June 2014, and the Court of Appeal decision delivered on 3rd February 2023, the Retirement Benefits Authority would like to bring to the attention of Employers, Trustees …
Update on the Retirement Benefits (Mortgage Loans) (Amendment) Regulations 2020
The Retirement Benefits (Mortgage Loans) (Amendment) Regulations 2020 came into force on 14 September 2020 following an amendment to Section 38 (1A) of the Retirement Benefits Act, through the Tax Laws Amendment Act, 2020. The Regulations amended the Retirement Benefits (Mortgage Loans) Regulations, 2009 and made it possible for scheme members to withdraw up to …
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