ADVOKS GLOBAL · KENYA
County Governments Retirement Scheme Act
56. Local Authorities Provident Fund and the Local Authorities Pensions Trust Fund
Edition: 2022-12-31 · In force
56. Local Authorities Provident Fund and the Local Authorities Pensions Trust Fund
(1)An eligible employee of a sponsor who, immediately before the commencement date was a member of the Local Authorities Provident Fund or the Local Authorities Pensions Trust Fund shall, upon the commencement of this Act, be deemed to be a member of the Scheme.(2)The Local Authorities Provident Fund, the Local Authorities Pension Trust, the Local Authorities Pension Trust (Defined Benefits) Scheme and the Local Authorities Pension Trust (Umbrella) Retirement Fund shall, on the commencement date remain closed Funds to new entrants and shall ensure the preservation of all accrued rights of members.(3)Subject to subsection (2), the closed funds shall continue paying any pensions and benefits as and when they fall due for a maximum period of five years from the commencement date.(4)The provisions of section 55 shall apply to any pension and benefits which shall not have been paid out of the closed Funds at the end of the fifth year from the date of commencement date.(5)The staff of the existing schemes engaged in the administration of the existing schemes shall, upon the commencement of this Act, and subject to any suitability test conducted by the Board of Trustees, provide administration services to the Scheme and the existing schemes.(6)The Retirement Benefits Authority shall, within five years from the commencement of this Act, ensure the implementation of this section.