Request for Statement
Former staff of Telkom, PCK, Safaricom, KCCT and KPTC.
Members who retired on attaining Normal retirement Age of 55yrs or earliest age of 50 Yrs
Pensionable Members who retired before attaining retirement age (before age 50).
Members of Scale 11 and below who retired before attaining retirement age (before age 50)
Eligibility was conditional to employees only in scales 1-10 with Personal File Numbers commencing with 0, 1, 2, 6 and 7.
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.