Prime

Payout checklist that protects your retirement savings

The growing focus on retirement planning comes at a time policymakers are seeking to make pension savings flexible to meet people's changing financial needs.

Photo credit: Shutterstock

By  Marion Sitawa

Correspondent

Nation Media Group

Kenya is grappling with a retirement savings challenge. It is estimated that more than 70 per cent of workers retire without formal pension.

This leaves many dependent on modest National Social Security Fund (NSSF) benefits, family support or savings, which often prove insufficient.

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Note: The results are not exact but very close to the actual.

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