The emergence of full-fledged reforms in Kenya from the introduction of the Retirement Benefits Authority in 1997 has rekindled hopes among the ageing population in Kenya. This paper examines the effect of the NSSF Act 2013 contribution rate by use of a contribution rate model as well as Kenyan...
Quoted Equity Investments and Financial Performance of Pension Funds in Kenya Purpose: This study is inspired by the need to investigate the contribution of quoted equity to financial performance of pension funds in KenyaMethodology:... R Boyante,W Muturi,M Gekara - 《International Journal of Fina...
The rise highlights Kenya’s growing pension burden due to an ever-increasing number of retirees from the Public Service. Thousands of public servants were expected to exit this year, adding to the more than 60,000 who retired in the three years through June 2020. The amount spent on ...
Defined contribution plansEmployment-based benefitsPension plan coverageRetirement incomeRetirement planningWhere are retirement plans headed, and why? The Employee... JA Macdonald - 《Social Science Electronic Publishing》 被引量: 3发表: 2006年 Problems facing Kenya's pension system: a case for reform...
designed structures Kenya can borrow a leaf from is Ghana’s pension system, which has a three-tier structure. Tier 1 is a mandatory scheme exclusively for the formal sector run by the Social Security and National Insurance Trust. Tier 2 is mandatory but privately managed defined contribution ...
Pension schemes and provident funds investment portfolios in Kenya: implications of investment guidelines under retirement benefits act (1997) and regulati... With the level of attention being paid to the provision of adequate retirement benefits forworkers around the world increasing, the idea of refo...
The effect of financial literacy on pension preparedness among members of the informal sector in Kenya Saving for old age is one of the most important decisions individuals have to make over their lifespan. It has been found that financial literacy helps ind......
Using data from the records of Maseno university boda-boda operators, an interview guide and central bank of Kenya (CBK); we designed a defined contribution pension scheme model that inculcated the different modes of exit from the study and their probabilities. These were vital in coming up ...
accounts.The funding gap can be narrowed significantly and the liability term can be accepted;social welfare insurance account can achieve the actuarial surplus,and the payment rate may be decreased.The coverage and contribution base should be promoted because of their tremendous effect on the ...
The contribution will increase to five percent in the second year and 7.5 percent in the third year. Under the scheme, civil servants will cede about Sh2.4 billion monthly or Sh28.8 billion annually to the fund that will emerge as Kenya’s largest pension scheme. ...