𝐓𝐔𝐊 𝐏𝐄𝐍𝐒𝐈𝐎𝐍 𝐒𝐂𝐇𝐄𝐌𝐄 𝐎𝐍𝐋𝐘 𝟏𝟑% 𝐅𝐔𝐍𝐃𝐄𝐃 𝐀𝐒 𝐒𝐄𝐍𝐀𝐓𝐄 𝐋𝐀𝐁𝐎𝐔𝐑 𝐂𝐎𝐌𝐌𝐈𝐓𝐓𝐄𝐄 𝐃𝐄𝐌𝐀𝐍𝐃𝐒 𝐅𝐀𝐒𝐓𝐄𝐑 𝐏𝐀𝐘𝐎𝐔𝐓𝐒 𝐅𝐎𝐑 𝐑𝐄𝐓𝐈𝐑𝐄𝐄𝐒
The Senate Committee on Labour and Social Welfare has heard that the Technical University of Kenya’s (TUK) staff pension scheme is only 13% funded, exposing hundreds of current and retired employees to steep losses unless billions in unpaid contributions are recovered.