Request for Statement
Full Name

Members Overview

  • Composition of Members
    Former staff of Telkom, PCK, Safaricom, KCCT and KPTC.
  • Pensioners
    Members who retired on attaining Normal retirement Age of 55yrs or earliest age of 50 Yrs.
  • Deferred Pensioners
    Pensionable Members who retired before attaining retirement age (before age 50).
  • Deferred Provident Fund Members
    Members of Scale 11 and below who retired before attaining retirement age (before age 50)

Eligibility

Eligibility was conditional to employees only in scales 1-10 with Personal File Numbers commencing with 0, 1, 2, 6 and 7.

Fund Design

The Fund had fixed employee and employer contributions. Employee contributions to the Fund were at 7.5% of salaries per annum. The employer contributes at between 7.5% and 15% of salaries, depending on length of service with the employer. Interest is credited to individual members’ accounts each year.

The annual interest rate is as determined by the actuary. The level of benefits paid in a Defined Contribution arrangement is calculated by reference to the employee and employers contributions to the fund, where these contributions accumulate along with investment returns to provide retirement benefits.