• About
  • Advertise
  • Privacy & Policy
  • Contact
Kenyan Business Feed
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business
No Result
View All Result
Kenyan Business Feed
No Result
View All Result
Home News

Ex-Speakers to get Sh120m on top of retirement perks

Kenyan Business Feed by Kenyan Business Feed
Ex-Speakers to get Sh120m on top of retirement perks
Share on FacebookShare on Twitter

Table of Contents

Toggle
        • Economy
  • Ex-Speakers to get Sh120m on top of retirement perks
Economy

Ex-Speakers to get Sh120m on top of retirement perks

Thursday, June 6, 2019 20:42


By LYNET IGADWAH

Kenneth Marende
Former Speaker Kenneth Marende. FILE PHOTO | NMG 

Parliament has revised the budget to include a Sh120 million golden handshake to the three former Speakers despite the retired officials receiving lavish benefits from the pension department.

The Budget and Appropriations Committee (BAC) has increased allocation to the retired Speakers and offered them the same status as former Presidents Daniel arap Moi and Mwai Kibaki.

The allocations have been made despite the three former Speakers – Ekwee Ethuro, Kenneth Marende and Francis ole Kaparo – receiving monthly pension, medical insurance and staff such as personal assistants, secretaries, messengers, housekeepers and drivers at taxpayers’ expense.

“The Parliamentary Service Commission just like the case with the Office of the President should budget for the three retired Speakers,” said BAC in Defence of the Sh120 million allocation.

Presently, the Speakers receive State-sponsored retirement benefits under the Deputy President and Designated State Officers Act, which also caters for the pension of chief justices and their deputies as well vice presidents.

“It is puzzling they are allocating money for the retired Speakers yet we have been paying them benefits from the pensions department,” said a Treasury source who sought anonymity.

The three former Speakers are entitled to a monthly pension of Sh554,400, a lump sum send-off of Sh13.8 million and monthly fuel allowance of Sh173,250.

The Deputy President and Designated State Officers Act provides hefty monthly pension payouts equivalent to 80 percent of the last salary of retired Speakers.

This is in addition to a golden handshake equivalent to one-year salary and fuel allowance equivalent to 15 percent of their last pay.

The law demands the retired Speakers get a saloon car of 1,800cc and a four-wheel, 3000cc engine capacity vehicle, both replaceable every four years. The lavish benefits reflect the growing burden of keeping top public servants comfortable in retirement.

The Treasury has set aside Sh1.5 billion to cater for the retirement benefits of former officials captured in Deputy President and Designated State Officers Act.

The allocation will increase to Sh2 billion in the year starting July 2020, which is higher than the Sh1 billion allocated for building affordable homes, Sh1.5 billion for constituency transformers, Sh400 million for regional cancer centres and Sh300 million for loans for the youth through the Uwezo Fund.


Kenyan Business Feed is the top Kenyan Business Blog. We share news from Kenya and across the region. To contact us with any alert, please email us to [email protected]
Kenyan Business Feed

Kenyan Business Feed

Recommended.

Reduced investments by betting firms denying KRA Ksh.1.77 trillion revenue target

Reduced investments by betting firms denying KRA Ksh.1.77 trillion revenue target

August 6, 2019

Judiciary on the Spot over stalled court projects

May 15, 2019

Subscribe.

Trending.

Safaricom’s SIG Forum empowers SMEs with branding insights from 3Verse Kenya, showcasing award-winning campaigns and inclusive business support.

Safaricom’s SIG Forum Empowers SMEs as 3Verse Kenya Shares Award-Winning Branding Strategies

June 23, 2025
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya

June 23, 2025
Safaricom launches new credit solutions, Fuliza Biashara, Taasi Till, and Taasi Pochi—to expand MSME access to financing and boost financial inclusion.

Safaricom Unveils New Credit Solutions to Boost MSME Financing in Kenya

June 23, 2025
Tourism CS Rebecca Miano discusses the economic impact and global appeal of the 2025 Safari Rally

Tourism CS Rebecca Miano Reveals Economic Impact of the 2025 Safari Rally

April 1, 2025
CS Rebecca Miano positions Kenya as a global wellness destination, championing yoga as a tool for personal healing and eco-conscious tourism.

Tourism CS Champions Yoga as Catalyst for Healing Focused Travel in Kenya

July 1, 2025
Kenyan Business Feed

We focus on news, analysis, and reports about Kenyan business, covering sectors like agriculture, finance, tourism, and technology.

Categories

  • African
  • Agribusiness
  • Courts
  • Education
  • Health
  • Hospitality
  • Manufacturing
  • NetWorths
  • News
  • Reports & Analysis
  • World Business

Popular News

  • First look at the prison where El Chapo may live for the rest of his life

    First look at the prison where El Chapo may live for the rest of his life

    2157 shares
    Share 1040 Tweet 466
  • Sameer Africa CEO Sacked

    1803 shares
    Share 749 Tweet 439

Recent News

Kenya elected to the UN Tourism Executive Council for the 2025–2029 term, marking a diplomatic breakthrough that elevates its role in shaping global travel governance and sustainable tourism policy.

Nairobi Ascends to UN Tourism Executive Council After Strategic Bid Poised to Shape Global Industry Agenda

July 1, 2025
Tourism CS Rebecca Miano on Tuesday convened coastal public-private stakeholders in Mombasa to accelerate Kenya’s MICE sector growth, announcing progress on re-establishing the Kenya National Convention Bureau and urging youth-led innovation in tourism.

Kenya Ramps Up MICE Sector Reforms as CS Miano Confirms Convention Bureau Revival

July 1, 2025
  • Home
  • African
  • News
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF

No Result
View All Result
  • Home
  • African
  • News
    • Agribusiness
    • Courts
    • Hospitality
    • Manufacturing
  • Education
  • Health
  • Reports & Analysis
  • World Business

© 2025 KBF