PHOTO | FILE Laptrust managing director Hosea Kili (centre) in this file
photo. Mr Hosea Kili, denied that Laptrust had been turned into a
private company.
NATION MEDIA GROUP
The
Kenya County Government Workers Union Vice-Chairman Alexander Kirui
said majority of public servants in counties wanted the Local Authority
Pension Trust (Laptrust) and the Local Authority Pension Fund (Lapfund)
made one.
“We support a merger under an Act of Parliament to protect the interests of members,” he said.
Mr Kirui said a meeting of the union’s national executive council had endorsed the plans.
A
decision by the Council of Governors to turn Laptrust — a former local
authorities’ workers scheme — into a pension fund for county workers has
been contested by various quarters.
STATE LAW OFFICE
The council formed a technical committee, which recommended that Laptrust be converted into a county workers’ pension scheme. But the council went ahead and changed it, and named it the County Pension Scheme.
STATE LAW OFFICE
The council formed a technical committee, which recommended that Laptrust be converted into a county workers’ pension scheme. But the council went ahead and changed it, and named it the County Pension Scheme.
This
development sparked protests from stakeholders, including the
Retirement Benefits Authority, the Transition Authority and the State
Law Office.
A letter from TA chairman Kinuthia Wamwangi said the decision was a departure from recommendations of the technical committee.
Mr
Wamwangi’s letter, addressed to Deputy President William Ruto, said the
committee made elaborate proposals on the modalities of establishing a
retirement scheme that would meet the requirements of all county
government staff.
Laptrust has since been changed to
County Pension Scheme Financial Services, a development that has been
questioned by the Attorney-General.
However, the new outfit’s boss, Mr Hosea Kili, denied that Laptrust had been turned into a private company.
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