Business Daily | by Kevin Rotich
Employers suspended contributions to their workers’ pension schemes running into nearly Sh2 billion between April and September, citing the economic disruptions brought by the Covid-19 pandemic.
The Retirement Benefits Authority (RBA) allowed employers to suspend, modify or terminate their pension contributions following the outbreak of the respiratory disease in mid-March.
The decision, which allowed employers to avoid the usual penalties for pension defaults, was made to give them financial flexibility in light of…
