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Retirement Benefits (Minimum Funding Level and Winding-Up of Schemes) Regulations, 2000 🇰🇪

Kenya 1 Citing Cases

REPUBLIC OF KENYA

Retirement Benefits Act, 1997

Legal Notice No. 120

Retirement Benefits (Minimum Funding Level and Winding-Up of Schemes) Regulations, 2000

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1. Citation

These Regulations may be cited as The Retirement Benefits (Minimum Funding Level and Winding up of Schemes) Regulations.

2. Application

These Regulations shall apply to all schemes.

3. Interpretation

In these Regulations—"court" means the High court of Kenya;"individual retirement benefits Scheme" means a scheme established for the benefit of individual beneficiaries for purposes of paying a retirement benefit;"occupational retirement benefits schemes" means a retirement benefits scheme established by employers for the benefit of the employees.

4. Minimum funding level of the scheme

(1)A scheme fund shall be deemed to be below th…

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