Business Daily | by Constant Munda
Pension payouts to retired civil servants and State officers missed the target by Sh5.15 billion in three months through September in what the Treasury attributes to Covid-19 containment measures such as working from home.
Retired civil servants, teachers, police and military personnel were paid Sh26.19 billion in benefits during the first quarter of the current financial year ending June 2021, a shortfall of 16.44 percent against Sh31.34 billion goal.
Director of Pensions at the Treasury said measures which required staff aged above 58 to…
