Nairobi, Aug. 19 -- Increased pension scheme membership, now standing at about 7.71 million Kenyan workers, is a commendable achievement. Employees contribute to pension schemes with a promise that when they can no longer work, that money will be waiting for them.

For a growing number of workers, that promise will be realised based on timely contributions. The law and regulations on pension schemes in Kenya provide guidelines and remedies on contributions.

The pensions sector has witnessed tremendous gains in the past 25 years, including transformation of public sector pension provision.

Key among this is the shift to defined contribution pension schemes where members' benefits are informed by investment returns.

Therefore, for every ...