JUDGMENT OF THE COURT
1. The 1st to the 6th respondents are Trustees of General Motors East Africa Staff Retirement Benefits Scheme (the Scheme) which was established by the 7th respondent on the 1st November, 1977 under an irrevocable trust. The Scheme was for the benefit of the 7th respondent’s employees. It was later registered on the 15th December, 2000 as a retirement benefits scheme under the Retirement Benefits Act (Act).
2. The appellant automatically became a member of the Scheme upon his employment on the 1st February, 1990. After rendering his services for a period of 11 years, the appellant tendered his resignation on the 9th November, 2001 which was accepted by the 7th respondent. The 7th respondent then begun the process of calling up the withdrawal and payment of the appellant’s retirement benefits under the Scheme. Kabage and Mwirigi Insurance Brokers Ltd., the Scheme’s fund manager, computed the appellant’s gross retirement benefits under the Scheme at Kshs. 4,525,163.9…