Home Business State retires over 2,000 civil servants amid cash crunch

State retires over 2,000 civil servants amid cash crunch

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[Source: The Standard, by Awal Mohammed]

The government has begun to retire workers as it braces for a ‘perfect storm’ of increased spending demands.

An estimated 2,136 retiring public servants in the last one month have applied for their pension dues, adding pressure to the already bloated annual pension bill currently estimated at Sh119 billion, including an allocation for golden handshake package.

Between June 1 and July 3 this year, the Pensions Department in the National Treasury has received names of workers from government ministries and State departments that have put in claims for their pensions and…

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