"In 2024, a report by Auditor General Nancy Gathungu revealed more than 260,000 cases of fraudulent activities targeting pension schemes in Kenya. Between 2013 and 2020, over 67 billion Kenyan shillings ($515 million, 442 million) were lost through fake pension scheme payments. Meanwhile, legitimate retirees have been left empty-handed, and older people are passing away while still waiting to receive the pensions they worked so hard for."
""When you join the pension scheme, you're promised that when you retire, you will get your pension. And it will be regularly reviewed, so that if salaries are increased, your pension will also be reviewed. But that does not happen," he told DW."
Kenya's mandatory public pension (NSSF) and health insurance (SHIF) contributions have been undermined by widespread fraud, delays and opaque processes. An Auditor General report documented over 260,000 fraudulent cases and losses exceeding 67 billion Kenyan shillings between 2013 and 2020. Many legitimate retirees remain unpaid, face chronic delays, requests for bribes and opaque procedures, and some die while awaiting pensions. Contributors frequently purchase private insurance on top of mandatory public coverage to secure care. Fear of speaking out and broken promises about pension reviews have increased frustration and public outrage.
Read at www.dw.com
Unable to calculate read time
Collection
[
|
...
]