Vision : A model pension scheme for a comfortable and dignified retirement life
Mission: prudently investing scheme resourses through effective and sustainable governance
Slogan : Your umbrella in retirement
The Kenya Railways Staff Retirement Benefit Scheme (“Scheme”) was established in July 2006. Previously the Kenya Railways Corporation (‘the KRC’) operated an unfunded pension plan which was governed under Regulations made under the Kenya Railways Corporation Act. The establishment of the Scheme was accompanied with a concession to transfer property assets previously held by the Kenya Railways Corporation to form a portfolio of property based assets for the purposes of funding the newly established Scheme.
The Scheme at a glance
Since its establishment, the Scheme has operated as a closed Scheme with no active contributing members. Currently (as at 1st April 2023), the Scheme has a total membership of 7,3143comprising of 6,632 Active pensioners, and 643 differed pensioners who are still employed at KRC, RTI and MGR who upon retirement from service receives a one off lumpsum benefit from the Scheme and are subsequently admitted into the monthly pension payroll of the Scheme in accordance with the Scheme Rules. The Scheme also offers a relief to the dependants of the deceased pensioners for a period of five years.
The following table summarizes the membership of the scheme with sex and age analysis:
|
KENYA RAILWAYS STAFF RETIREMENT BENEFITS SCHEME |
|
|
PENSIONERS' MEMBERSHIP ANALYSIS: |
|
|
TOTAL ACTIVE FEMALE PENSIONERS |
394 |
|
TOTAL ACTIVE MALE PENSIONERS |
5591 |
|
GRAND TOTAL ACTIVE PENSIONERS IN PAYROLL |
5991 |
|
TOTAL FEMALE DEPENDANTS IN PAYROLL |
638 |
|
TOTAL MALE DEPENDANTS IN PAYROLL |
10 |
|
GRAND TOTAL DEPENDANTS IN PAYROLL |
648 |
|
GRAND TOTAL ACTIVE PENSIONERS AND DEPENDANTS IN PAYROLL |
6633 |
|
TOTAL DEFFERED PENSIONERS IN MGR |
643 |
|
TOTAL DEFFERED PENSIONERS IN RTI |
29 |
|
TOTAL DEFFERED PENSIONERS IN KRC |
8 |
|
GRAND TOTAL DEFFERED PENSIONERS |
680 |
|
GRAND TOTAL ACTIVE PENSIONERS, DEPENDANTS AND DEFFERED |
7313 |
|
PENSIONERS' AGE ANALYSIS: |
|
|
ACTIVE PENSIONERS AGED 100 YEARS AND ABOVE |
7 |
|
ACTIVE PENSIONERS AGED BETWEEN 90 AND 99 YEARS |
138 |
|
ACTIVE PENSIONERS AGED BETWEEN 80 AND 89 YEARS |
837 |
|
ACTIVE PENSIONERS AGED BETWEEN 70 AND 79 YEARS |
2390 |
|
ACTIVE PENSIONERS AGED BETWEEN 60 AND 69 YEARS |
2489 |
|
ACTIVE PENSIONERS AGED BETWEEN 50 AND 59 YEARS |
1702 |
|
ACTIVE PENSIONERS AGED BELOW 50 |
220 |
|
YOUNGEST ACTIVE PENSIONER |
43 |
|
ELDEST ACTIVE PENSIONER |
104 |
|
AVERAGE AGE OF THE KRSRBS ACTIVE PENSIONER |
67.9 |
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