Taxpayers face billions in pension burden as uptake of hustler loans rise

Taxpayers are facing an escalation of the pensions bill running into billions of shillings following the government’s contribution to the mandatory long-term savings for borrowers on the Hustler Fund. 

Those saving on the Hustler Fund will see the State put in a shilling for every two put as pension remittance, up to a maximum government contribution of Sh6,000 per annum.