ADVOKS GLOBAL · KENYA
Public Service Superannuation Scheme Act
25. Vesting of benefits
Edition: 2022-12-31 · In force
25. Vesting of benefits
(1)All the benefits derived from contributions by a member shall immediately vest in the member.(2)Notwithstanding the provisions of any other written law, all benefits derived from the contributions made by the Government to a member’s retirement savings account shall vest in the member after a period of five years at the rate of fifty percent of the accumulated amount and increase by ten percent for each full year thereafter up to a maximum of one hundred per cent after ten years of service from the date of commencement of this Act or from the date of joining the Scheme.Provided that—(a)where a member dies while in the service of the employer the contributions by the Government to the member’s retirement savings account shall immediately vest in the dependants of the member; or(b)where a member retires upon attaining the age of fifty years, the contributions by the Government to the member’s retirement savings account shall immediately vest in the member.(3)A member shall not withdraw the benefits vested on him under subsection (2) until the time he retires in terms of section 27 of this Act.