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Pension payments fast-tracked as Treasury proposes stiffer measures – KBC

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The government is undertaking further reforms to expand and improve the management of pension schemes.

National Treasury CS Ukur Yatani revealed that a national retirement policy that will harmonise pension-related laws and enhance accountability is in the pipeline and will be ready by the end of this year.

While unveiling Kenya’s 2021/2022 Ksh3.6 trillion budget in Parliament, Yatani said the policy seeks to achieve comprehensive pension coverage across the formal and informal sector so as to protect the interests of beneficiaries and rights of pension contributors.

“Mr. Speaker, given the disparities in the design of the various existing pension schemes and the attendant laws, it has become necessary that these laws be harmonised, hence the need for establishment of one National Retirement Policy…. In this regard, Mr. Speaker, I shall be publishing this policy by December 2021” he said.

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On delay of pension payments, the CS explained that the National Treasury had rolled out targeted reforms increasing processing and payment of pension benefits by 40 pc.

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“In the past, the processing and payment of pension benefits to retired public servants has neither been efficient nor timely, thus denying senior citizens regular incomes. To address this, National Treasury has carried out targeted reforms including systems re-engineering and the provision of real-time pension services in all the Huduma Centres countrywide” he said.

“We expect further improvement with the planned implementation of Pensions Management Information System later in the year” he added.

The Retirement Benefits Act will also be amended to provide for the registration and regulation of corporate trustees that provide services to pension schemes for good governance and improve accountability and transparency in the management of the schemes.

Medical care

The CS said  the ministry had developed post-retirement medical regulations to allow members to make additional voluntary contributions to a medical fund.

He said the funds will be regulated to protect members from exploitation.

“….the Stand Alone Post-Retirement Medical Fund has remained unregulated thus adversely exposing members’ funds. As such, I propose to amend the Retirement Benefits Act to provide for regulation of these funds”

The mortgage regulations will be amended to allow members to utilize up to 40 percent or maximum of Ksh 7.0 million of their accrued benefits to purchase a house under a tenant purchase basis by their pension scheme.

The informal Sector Pension Scheme targeting more than 15 million informal sector workers will be rolled out next year.

“To this effect, I wish to report that necessary instruments to operationalize the scheme including, the Trust Deed & Rules, Business plan, and Investment Policy have been prepared. We intend to roll out this scheme in the next financial year” he said.

 

 

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Sewage Menace in Pipeline, Residents Cry For Help

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By Milo George

Residents of Pipeline Transami area are decrying poor drainage system that has caused sewage water to overflow in their area of residence.

The residents claim that the overflowing sewage is not only putting their lives at risk but also causing air pollution.

They have called on Nairobi Metropolitan Services and Nairobi City Water and Sewage Company to come on board and expand the sewer lines before more areas are flooded with raw human wastes coming from the blocked pipes.
“We want Major Badi and our leaders to resolve this menace immediately. It’s terrible many have been forced to shift their businesses because of the foul smell,” they said.
Pastor Joe Ndivoh of Word Evangelistic Explosion Ministries says that they have been forced to call off the Sunday School Service to protect the children from the smelly sewage.
‘‘We now fear that if prompt action is not taken then we will have a bigger health problem than this because we fear there could be an outbreak of water-borne disease anytime,’’ Pastor Ndivoh added.


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Solberg Jnr replaces Pierre-Louis for WRC Safari – KBC

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Hyundai Motorsport World Rally Team has made a change to it’s WRC2 team for Safari replacing Pierre-Louis Loubet with 19 year old Oliver Solberg.

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The change of crew hands young Solberg an opportunity to resume his family dream on the fabled Safari which was first held from 27 May to 1 June 1953 as the East African Coronation Safari in Kenya, Uganda and Tanganyika as a celebration of the coronation of Queen Elizabeth II.

Solberg Senior finished the WRC Safari 5th on the 1999 and 2000 editions driving a Ford Focus and navigated by his eventual Championship- winning navigator Phil Mills. In 200 and 2002, Petter retired on Safari after he lost a wheel and suffering engine gremlins on both occasions.

Oliver was forced to withdraw from last week’s Rally Italia Sardegna after his father, 2003 WRC champion Petter Solberg, tested positive for coronavirus.

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Oliver was gearing up for his second top flight World Rally Championship outing with Hyundai at last weekend’s s Italian event.

However having been in contact with his father, Oliver was compelled to remain in quarantine in a hotel in Porto for 14 days as per the FIA Appendix S regulations.

The FIA’s Appendix S COVID-19 protocol and national government regulations offer clear quarantine instructions for those in close contact.

“You can imagine, I am more than disappointed by this news. I am a little bit devastated,” The 19-year-old Solberg told www.motorsport.com last week.

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WRC Safari Rally Event Secretary Helen Shiri confirmed Oliver’s Safari participation saying: “Hyundai WRC 2 team car number 7 has changed the crew from Driver Pierre-Lous and co-driver Florian Haut-labourdette both from France to Oliver Solberg (Swedish) and  Co-driver Aaron Johnston (Ireland). The car, a Hyundai i20 Coupé, remains intact.”

Meanwhile, it’s been a meteoric rise for the son of world champion Petter.

Less than two years after his maiden rally in a four-wheel drive car, the teenage sensation was competing at the WRC’s top level.

Aged just 17, Oliver became the youngest winner of a European Championship rally in 2019.

With a father and a mother from a well-known Swedish motorsport family and a former Production WRC competitor in her own right, there was a sense of inevitability that a career at the wheel was inevitable for Oliver Solberg. 

Solberg’s early years were spent racing in crosskarts.

In 2012 he won the Norwegian Championship before a step up to a higher class brought consecutive title wins in 2014, 2015 and 2016.

In 2019 Solberg stepped into R5 machinery, driving a Volkswagen Polo GTI R5 in the Latvian/Estonian/Baltic Rally Championship. He took to the increased power immediately and racked up five class wins on his way to the championship title.

He also followed in his father’s footsteps to join Subaru Motorsports USA. He drove a latest-spec Impreza STI, winning three of the six rounds

After making his WRC debut at the 2019 Rally GB, Solberg stepped into a full WRC campaign in 2020, driving his own Polo R5 alongside a partial campaign with Skoda Motorsport.

The WRC returns to Africa for the first time since 2002. The Safari of old has evolved to fit the modern-day WRC, but its character remains with challenging closed dirt roads, stunning picture-postcard scenery and exotic wildlife.

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Three more suspected robbers arrested along Southern by-pass – KBC

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Three more suspects have been arrested in connection with the recent spate of robberies targeting motorists along the Southern by-pass.

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The three were arrested in Kibra by detectives based in Langata.

Their arrest follows a detailed analysis and investigations of the robberies, with detectives employing cyber and forensic analysis techniques to identify the beneficiaries of the crimes.

Boniface Winjira Unganyi, the proprietor of Basement Crew mobile shop within Lindi in Kibra, was arrested as the key suspect after a total of 102 mobile phones suspected to have been stolen from victims were recovered from his shop.

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Also arrested were 35-year-old Alex Mboya, who was found in possession of a victim’s phone, and a 16-year-old minor, studying at a secondary school in Langata.

Five other suspects have been arraigned in recent weeks in connection with the violent robberies.

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