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 sector, impacting crucial aspects such as taxation, investments, the interim administration of schemes amongst others.
In order to accommodate thorough consultations and comprehensive evaluations, stakeholders are advised to submit their proposals to RBA by August 17, 2023.
The policy proposals forwarded to the Retirement Benefits Authority will undergo thorough scrutiny thus stakeholders should support their submissions with clear reasoning to justify the suggested changes.
Clearly explaining the context and reasoning behind each proposal will aid in evaluating its potential impact on the pension sector.
Additionally, proposers are requested to indicate the specific sections in the current law that their proposal will affect, making it easier for policymakers to assess and integrate the suggestions into the legislative framework.
Interested parties can send their proposals via email to [email protected]. Electronic submissions are encouraged as they are faster and more accessible.
For those who prefer to submit hard copies submissions can be addressed to:
The Chief Executive Officer,
Retirement Benefits Authority
P.O. Box 57733 – 00200 Nairobi, Kenya
By inviting inputs from various stakeholders, the Authority aims to ensure a collaborative and inclusive approach in shaping the future of the retirement benefits industry.
All stakeholders are encouraged to actively participate in this important process and contribute to the continued development of a robust pension system.