Death Benefits
(a) DEATH IN SERVICE:
Dependant(s) of a member who has completed one year service shall be entitled to:-
Four (4) times annual basic salary.
Dependant’s pension for 5 years.
Dependant’s of a member who has not completed one year will receive Two (2) times annual basic salary.
(b) DEATH WHILE IN RETIREMENT:
Dependant(s) pension is payable for 5 years from the date of death of the pensioner.
( c) DEATH WHILE ON DEFERMENT:
Gratuity equal to the Actuarial value of the benefit that is being preserved in the Scheme.
(d) DEATH WHILE ON OFFICIAL DUTY:
In addition to the death in service benefits indicated above an additional benefit at the rate of 10/50 of pensionable salary or Kshs.2,400 p.a. whichever is the greater.
QUOTE OF THE WEEK
When money realizes that it is in good hands, it wants to stay and multiply in those hands.” Idowu Koyenikan