908 shares

The figure is expected to hit Sh2.7 billion by July 2020, expanding the country’s wage bill to new highs. 

The grim pension budget spending is highlighted in the National Budget estimates for 2018/19 released by Treasury that also revealed billions in unfunded pension liabilities owed to the country's public servants.

 According to the report, Kenyan taxpayers will pay more than Sh15 billion in additional pensions during the next financial year as the burden of supporting the country’s retired public servants continues to rise. 

The biggest chunk of the additional pension bill will go to one-off payments for the 196 members of Parliament (MPs) who lost their seats in last year’s General Election.
Read more 


Like it? Share with your friends!

908 shares

What's Your Reaction?

Love Love
45
Love
WTF WTF
30
WTF
Lol Lol
40
Lol
Sad Sad
35
Sad
OMG OMG
25
OMG

Comments

comments

Choose A Format
Story
Formatted Text with Embeds and Visuals
List
The Classic Internet Listicles
Meme
Upload your own images to make custom memes
Open List
Submit your own item and vote up for the best submission
Ranked List
Upvote or downvote to decide the best list item
Poll
Voting to make decisions or determine opinions

Send this to a friend