Retirement Benefits Act

6. Board of Directors

Edition: 2025-06-20 · In force

6. Board of Directors

The management of the Authority shall vest in a Board of Directors of the Authority which shall comprise—

(a)a chairperson to be appointed by the Cabinet Secretary from amongst the members appointed under paragraph (f);

(b)the Chief Executive Officer appointed under section 11;

(c)the Principal Secretary in the Ministry for the time being responsible for matters relating to finance or his representative;

(d)the Commissioner of Insurance;

(e)the Chief Executive of the Capital Markets Authority; and

(f)five members, not being public officers, appointed by the Cabinet Secretary by virtue of their knowledge or experience in matters relating to the administration of scheme funds, banking, insurance, law or actuarial studies:

Provided that no person shall be eligible to be appointed under paragraph (f) if such person is an employee or director of any company, firm or institution where such employment or directorship may lead to a conflict of interest.(Act No. 8 of 2008, s. 77)

Case law referring to this provision

Katiba Institute & another v Attorney General & another; Karangi & 128 others (Interested Parties) (Petition 236 of 2018) [2021] KEHC 6781 (KLR) (Constitutional and Human Rights) (27 May 2021) (Judgment)

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Source: Kenya Law