Authority kicks off campaign to register more Kenyans for retirement scheme

The Retirement Benefits Authority (RBA) has rolled out a nationwide sensitization campaign to encourage more Kenyans to join the retirement scheme to cushion themselves during old age. Speaking in Kisumu, RBA Chief Executive Officer Charles Machira said that according to their data, only 26 percent of the country’s entire labour force saves for retirement. “This…

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All you need to know about retirement

Retirement can mean leaving employment to pursue other interests or businesses. According to my personal analysis, upon retirement, 47 percent of retirees depend on relatives, 3 percent go back to working, 16 percent depend on state pension and only 34 percent have financial independence. Interestingly, 82 per cent of those with financial independence (the 34…

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How welfare group is positively changing retirees’ lives

The Retired Officers Welfare (ROWE) group, is redefining the art of retirement in the serene rural heartlands of Kakamega North County. Their story, a testament to the pursuit of both economic prosperity and community, unfolds against the backdrop of the attractive Kakamega landscape. Comprising retired individuals, ROWE stands as a stark contrast to the solitude…

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Self-employed workers told to save for retirement

By Erick Nyayiera Individuals who are self-employed in Siaya County have been encouraged to embrace the culture of saving for retirement as a security measure for their old age. According to Retirement Benefit Authority (RBA) Cooperate Communication Manager Rose Kwena, those in self-employment should ensure they join the various private and occupational pension schemes to…

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