ADVOKS GLOBAL · KENYA
Agricultural Finance Corporation Act
12. Pension and provident funds
Edition: 2022-12-31 · Repealed
12. Pension and provident funds
(1)The Board may, subject to the approval of the Cabinet Secretary and the National Treasury, establish, control, manage, maintain and contribute to pension or provident funds for the benefit of the General Manager and the staff, and may grant pensions and gratuities from any such fund to them on their retirement from the service of the Corporation and to their dependants on their death.(2)If neither a pension nor a provident fund is established under subsection (1) of this section, or if a fund is established but in the opinion of the Board it provides insufficient benefits, the Board may, with the approval of the Cabinet Secretary and the National Treasury, grant from the funds of the Corporation pensions and gratuities, or additional pensions and gratuities, as the case may be, to the General Manager and the staff on their retirement from the service of the Corporation and to their dependants on their death.