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KCB and NBK material announcement
obiero
#161 Posted : Saturday, July 13, 2019 4:15:15 AM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
@vvs ls this what you mean..

KQ ABP 4.26
VituVingiSana
#162 Posted : Thursday, July 18, 2019 6:43:49 AM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Treasury bars early access to pension money
https://www.nation.co.ke...8730-15cxsagz/index.html
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#163 Posted : Thursday, July 18, 2019 8:09:30 AM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
[quote=VituVingiSana]Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html[/quote]

@vvs thanks for this
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
whiteowl
#164 Posted : Thursday, July 18, 2019 12:31:14 PM
Rank: Veteran

Joined: 4/16/2014
Posts: 1,420
Location: Bohemian Grove
[quote=VituVingiSana]Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html[/quote]

Just after auditor general revealed that 67 billion pension money was paid to ghost workers.
Ericsson
#165 Posted : Thursday, July 18, 2019 1:32:06 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
whiteowl wrote:
[quote=VituVingiSana]Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html[/quote]

Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#166 Posted : Thursday, July 18, 2019 5:14:03 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
obiero
#167 Posted : Thursday, July 18, 2019 9:37:57 PM
Rank: Elder

Joined: 6/23/2009
Posts: 14,213
Location: nairobi
VituVingiSana wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.

Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?

KQ ABP 4.26
VituVingiSana
#168 Posted : Thursday, July 18, 2019 10:02:06 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.

Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?
Yes. Save this post and refer to it in 2029.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
Ericsson
#169 Posted : Thursday, July 18, 2019 10:47:43 PM
Rank: Elder

Joined: 12/4/2009
Posts: 10,804
Location: NAIROBI
obiero wrote:
VituVingiSana wrote:
Ericsson wrote:
whiteowl wrote:
VituVingiSana wrote:
Treasury bars early access to pension money
https://www.nation.co.ke...730-15cxsagz/index.html


Just after auditor general revealed that 67 billion pension money was paid to ghost workers.


Government wants to borrow your money cheaply
Within the next 5-10 years, I expect the Retirement Age - to claim benefits/payouts - to be increased. This means NSSF has will have more time to hang on to your money.

Kuwa serious! Even after deletion of the employer fund clause you still believe that NSSF are not done. Can they really go above 60 years?


This was for mostly the occupational pension scheme/company sponsored.
NSSF holds 20% of the entire retirement/pension schemes assets
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
VituVingiSana
#170 Posted : Thursday, July 18, 2019 11:09:47 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,346
Location: Nairobi
Why Rotich locked up Sh385bn pension cash for workers below 50 years
https://www.businessdail...00464-uw8028/index.html

@Wazua Admin - Please transfer the "Pensions" thread/posts to its own thread so this goes back to KCB/NBK.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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