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Government gives nod to the National Retirement Benefits Policy

By Leviticus Adaki The National Treasury and Economic Planning has published the National Retirement Benefits Policy, a comprehensive framework aimed at harmonizing, coordinating, and enhancing the retirement benefits sector. The Policy endeavors to ensure provision of affordable, adequate and sustainable retirement benefits in old age. The policy was approved on 3rd November 2023, in alignment …

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You can now pay for RBA services via E-Citizen Platform

The Retirement Benefits Authority has integrated its payment services with the government’s E-Citizen platform in support of the government’s move to digitize all citizen-facing services. The payment services integrated with E-citizen include remittance of statutory penalties, levy payments, and renewal of licenses for fund managers, scheme administrators, and custodians. See the payment navigation guide here: …

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RBA Plans Sensitization Forums on Recent Regulatory Changes

The Retirement Benefits Authority (RBA) invites industry stakeholders to its upcoming sensitization forums to be held in Nairobi, Naivasha, Eldoret, Mombasa and Meru. The sessions are aimed at discussing the latest regulatory changes and industry guidelines to foster a collaborative understanding of key developments. Who Should Attend? Trustees, Administrators, Fund Managers, Custodians, Approved Issuers, Trust …

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RBA donates 15 hospital beds to Kenyatta National Hospital.

Retirement Benefits Authority today gave Kenyatta National Hospital 15 beds, 20 mattresses, 20 gun thermometers and 30 drip stands. The medical equipment would be used by children at the hospital’s cancer wards. Kenyatta National Hospital has dedicated eight wards for cancer management including two wards for children. However, the hospital is experiencing significant financial gaps …

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Public Notice on Public Participation.

Retirement Benefits Authority was established under the Retirement Benefits Act, Cap 197 No. 3 of 1997 to regulate and supervise establishment and management of retirement benefits schemes; protect the interest of members and sponsors of retirement benefits schemes; approve trustees’ remuneration approved by members during the annual general meeting after every three years; promote development …

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RBA signs MOU with Laikipia University to collaborate in research

Retirement Benefits Authority and Laikipia University today signed a memorandum of understanding to work together to promote research between the two institutions. The partnership covers training, and capacity building in research and other areas of mutual benefit. RBA and the university will do policy work together and hold joint workshops. RBA Chief Executive Officer Charles …

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Kenya Revenue Authority visits RBA

Retirement Benefits Authority Chief Executive Officer Charles Machira (Second right) today met Kenya Revenue Authority representatives to discuss taxation on pension benefits. KRA was represented by Chief Manager for Taxpayer Services Wanja Wangondu (third right), Stakeholder Engagement Officer Trezah Nderitu and Chief Manager for Policy and Tax Advisory Julius Yega. RBA’s Deputy Director for Market …

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