National Treasury Cabinet Secretary, John Mbadi, has revealed how the government plans to pay the retirement benefits owed to former Kenya Railways staff.
Appearing before the Labour and Social Welfare Committee on Wednesday, August 20, Mbadi revealed that the government had a plan set in place to pay the money owed to the Kenya Railways Staff Retirement Benefit Scheme (KRSRBS).
The CS claimed that the delayed payments had been caused by the fact that the scheme did not have any monetary contributions but relied on investing, especially in real estate. "From the onset, the Kenya Railways staff benefits scheme has operated on a non-contributory basis.
No monetary contributions are made to the scheme by members or sponsors," the CS said.
