The scheme has cleared all the previous monthly arrears and the payments are current to date. The scheme will ensure that moving forward all monthly payments are paid on or before the 25th of every month.
The scheme is also working to ensure that all the historical arrears owed to the pensioners are paid in the mid-month of July 2021 and the reviewed pension will reflect in the pension for the month of July 2021. All the pending lumpsums will also be paid in the mid-month of July 2021.As the cash flow keeps on improving, it is the wish of the BOT to ensure the pensioners receive the best benefits from the scheme in terms of improved and timely pension earnings.
The BOT and other key members of staff have already undergone the mandatory TDPK (Trustee Development Program Kenya) as required by the regulator and this will help in compliance and efficiency in the execution of the trustee’s mandate.