Advertisement“Who will foot this bill and trustees being part-time worker, who will remunerate them?” Mr Nyakundi posed. SH1.3 TRILLIONStakeholders have until today (Wednesday) to submit proposals on how the Sh1.3 trillion retirement kitty will be sliced to fund purchase of homes for pension savers. “Due to restrictions in place due to the Covid-19 pandemic, public participation sessions are not possible. This locks out current mortgage holders and other pension savers who borrowed money to put up houses as trustees of individual schemes are expected to come up with regulations to be followed by pension savers eyeing a slice of their pension kitty. According to the Department of Housing, over 300,000 Kenyans have registered to buy the thousands of houses in the pipeline.

Source: Daily Nation May 13, 2020 03:45 UTC