ADVOKS GLOBAL · KENYA
County Governments Retirement Scheme Act
23. Administrator
Edition: 2022-12-31 · In force
23. Administrator
(1)The Scheme shall be administered by an administrator appointed by the Board.(2)The administrator shall be an employee of the Board.(3)The functions of the administrator shall be to—(a)open and maintain an account for each member;(b)upon receiving details of the contributions remitted under this Act, cause the amount of the contributions to be credited in the account of the member in respect of whom the sponsor has made the payment;(c)inform the Board if a member's contribution details differ from the expected;(d)provide customer support services to members, including access at least on a quarterly basis to members' account balances and statements;(e)keep and maintain proper books of accounts of the Scheme;(f)cause to be paid retirement benefits to a member who has retired;(g)be responsible for all calculations relating to retirement benefits; and(h)carry out any other functions as may be directed by the Board from time to time.(4)The administrator shall ensure that all income earned from the investment of the Fund is distributed to the credit of the members' retirement savings accounts save for clearly defined and reasonable fees, charges, costs and expenses of transactions as may be approved by the Board.