Retirement Benefits (Transitional) Regulations, 2000 🇰🇪
Kenya
REPUBLIC OF KENYA
Retirement Benefits Act, 1997
Legal Notice No. 122
Retirement Benefits (Transitional) Regulations, 2000
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1. Citation
These Regulations may be cited as The Retirement Benefits (Transitional) Regulations.2. Application
These Regulations shall apply to existing schemes.3. Interpretation
In these Regulations:—"defined benefit scheme" means a scheme other than a defined contribution scheme;"defined contribution scheme" means a scheme in which members’ and employers’ retirement benefits are fixed either as a percentage of pensionable earnings or as a shilling amount, and a member’s retirement benefits has a value equal to those contributions, net of expenses including premiums paid for insurance of death disability risks, accumulated in a individual account with investment return …Read the Full Legislation on judy.legal
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