Developing A Home Grown Social Protection System

Theme: General

Developing A Home Grown Social Protection System    |   File Size: 87.07 kB Downloads: 1851   |   Post Date: 03 July 2003

Before the enactment of the Retirement Benefits Act of 1997, the retirement benefits and pensions industry in Kenya lacked a definite legal and policy framework. This situation left the various administrators of individual schemes too much of a free hand. This lack of prudential regulation resulted in poor investment decisions and delays in payment of the funds due to the contributors.

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