Strategic Investment Objectives:
The DB scheme (TPS) is closed to new members, as a result the scheme does not receive contribution income. Therefore, one of primary Strategic Objectives for Scheme is to Optimize investment portfolio to deliver long-term value to members and ensure adequate liquidity to meet benefit payments. As at 30 June 2025, the assets under management were KShs 14.5 billion which are invested in a diverse range of asset classes to optimize returns and manage investment risks, in line with the limits and strategy agreed upon by the Board of Trustees.

Asset Under management

Asset Allocation
The table and chart below illustrate the scheme’s asset allocation as of 30 June 2025. The data reflects the market value of investments distributed across various asset classes. (DB Scheme) Investments as at June 2025

 

2025

2025

RBA Limits

Investment Class

Amount (Kshs)

Portfolio % 

%

    

Government securities

                  1,703,182,617 

12%

90%

Quoted equities

                      440,349,668 

3%

70%

Fixed deposits

                      393,741,321 

3%

30%

Cash and demand deposits 

                            7,107,631 

0%

5%

Corporate bonds

                            7,503,431 

0%

30%

Investment property

              12,208,650,000 

83%

30%

    
 

              14,760,534,668 

100%

 

Assuring your Future

Under the Amended Scheme/Fund, adopted with effect from 1st December 2007 the Scheme/Fund is a closed Scheme/Fund for the purposes of disbursing the pension payments in respect of pensioners in receipt of pension and for deferred pensioners entitled to a deferred pension as at 1st December 2007.

The membership of the Scheme/Fund is comprised of deferred members and pensioners. Deferred members are ex employees who left the service of the employer on or before 30th November 2007 while pensioners are retired employees or dependants of former employees who died while in the service or in retirement.

The main objective of the retirement benefits scheme is to provide reasonable benefits for the members.

Members’ funds are invested in the best market investment opportunities so as to provide enhanced benefits to them on an ongoing basis.

The Scheme/Fund provides the following benefits to its members:

  • Lump sum payment upon retirement
  • Accumulated personal contribution upon departure
  • Pension to retirees
  • Pension to widows/widowers and children upon a member’s death while in service or retirement

Our Value Proposition

The main objective of the retirement benefits scheme is to provide reasonable benefits for the members.

  • wdlGiV 1 Guaranteed Pension
  • wdlGiV 1 Sustainability of the Scheme/Fund
  • wdlGiV 1 Courteous Service

Nature of the Closed Scheme/Fund

The liability of the Scheme are the liabilities in respect of pension in payment and deferred pensioners with entitlement to a deferred pension.

Nature of the Closed Scheme/Fund

  • Members: Pensioners, deferred members Unclaimed/Unplaced Members
  • Dependants/Potential Beneficiaries: Next of kin, children, widows, widowers, orphans
  • Sponsor: Telkom Kenya Limited
  • Service Providers: Auditors, Actuary, Custodian, Fund Managers, Lawyers
  • Regulatory Institutions: Retirement Benefits Authority, Kenya Revenue Authority and GOK