ADVOKS GLOBAL · KENYA
Judges’ Retirement Benefits Act
58. Appointment and functions of the custodian
Edition: 2026-03-11 · In force
58. Appointment and functions of the custodian
(1)The Board shall appoint a custodian of the Fund who shall, in accordance with this Act and any other relevant written law—(a)receive the contributions remitted in respect of each member on behalf of the Board;(b)within one day of receiving the contributions, notify the Administrator of such receipt;(c)hold pension funds and assets in safe custody in trust for the members and their beneficiaries;(d)on behalf of the Board, settle transactions and undertake activities relating to the administration of the Fund including the collection of dividends and related activities;(e)report to the Board on any matter relating to the assets of the Fund being held by the custodian at such intervals as may be determined by the Board;(f)execute, in favour of the Board, the relevant proxy for the purpose of voting in relation to the investments of the Fund; and(g)carry out any other functions as may be directed by the Board.(2)The custodian shall maintain all pension funds and assets in its custody in accordance with the directions of the Board and shall not utilize any pension fund or assets in its custody to meet the custodian’s own financial obligations to any person.