Govt To Roll Out National Pensions Strategy To Cultivate A Saving Culture

NAIROBI, Kenya, Oct 17-President William Ruto has said the Government will roll out a National Pensions Strategy to cultivate a savings culture among Kenyans.

The President said the new pension plan will cover every adult Kenyan, including civil servants and those in the formal sector and informal sectors.

The President said the new pension scheme will help the economy to grow.

“Savings provide capital for investment and investments lead to new opportunities and economic growth,” said the President.

The President was speaking after he chaired a harmonisation meeting that brought together the National Social Security Fund, the Kenya Tea Growers Association and the Kenya Tea Growers Employers Association.

The meeting held at State House, Nairobi, was aimed at unlocking the disputes that have continued to hinder effective and impactful pension contributions by workers in the country.