Former Staff Pension Payout Begins

Published: 17 Sep, 2025 12:50 Sources: S1 S2 S3 Category: Business Language: English Country: Kenya

S 1 - 2 - 3 D I ID RK RT C - 0

Standard Chartered Bank Kenya began verifying 629 former employees ahead of a KSh 7 billion pension payout. The process followed a Sept 5, 2025, Supreme Court ruling upholding a Retirement Benefits Appeals Tribunal decision. Verification started Sept 22 at Almary Green Business Park in Nairobi, clearing the way for arrears and interest dating back to 2000 and 2009. The bank said it was adequately capitalised to meet the obligations.