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The pension law in Mombasa, Kenya is designed to protect the rights of all pensioners and ensure they receive their rightful benefits upon retirement. The Retirement Benefits Act, stewarded by the Retirement Benefits Authority (RBA), oversees pensions and retirement benefits across Kenya, including Mombasa. The Act establishes provisions for the regulation, supervision, and promotion of retirement benefit schemes, protects the interests of members and beneficiaries of the schemes, and advises the Cabinet Secretary on national policy.
Dealing with retirement benefits and pensions can be complex, especially when it comes to understanding the technical jargon in pension statutes, settling disputes over pension benefits, or claiming pensions from deceased estates. A lawyer can help in understanding the retirement benefits' legal landscape, safeguarding your pension rights, or if you believe you have been unlawfully denied pension benefits. It becomes crucial to have a lawyer on your side during the lengthy and complex process of litigation.
The local pension laws emphasize that every employer in Kenya must register their employees with the National Social Security Fund (NSSF), which provides pensions. They also state that pension funds must be managed by a registered and licensed fund manager and administrator. According to Kenyan law, pensions are due and payable once a beneficiary reaches sixty years of age or upon earlier retirement in some circumstances. The laws also cover issues of survivorship pensions and insurance benefits for occupational schemes, ensuring coverage of employees in case of premature death.
Under Kenyan law, you can start receiving your pension upon reaching sixty years old, or upon voluntary retirement from fifty years old.
If your employer is not deducting NSSF contributions, they are breaking Kenyan law, and you should hire a lawyer to help you recover your dues, in addition to reporting them to the NSSF.
Yes, Kenyan law allows the inheritance of pension funds, especially if the beneficiary had named dependents or nominees in their schemes.
Generally, you cannot access your pension funds before retirement as they are locked until you reach the legal age of retirement. However, there are certain exceptions in the case of invalidity or immigration.
Yes, the Kenyan pension system allows one to belong to more than one scheme, especially if you have different employment contracts.
For further information, you can visit the NSSF and RBA, as they administer and govern pensions in Kenya, respectively. The websites offer comprehensive information on pension schemes, regulations, and procedures to follow. It is also recommended to reach out to licensed and registered pension schemes and knowledgeable legal experts specializing in pension law in Kenya.
If you need legal assistance with your pension, first gather all relevant documentation related to your employment and pension plan. Then, consult with a reputable attorney who specializes in pension law in Kenya. Always double-check the background and track-record of your attorney to ensure receiving reliable legal advice. Remember to report any disputes or grievances to the Retirement Benefits Authority or the National Social Security Fund.
