As part of its annual tradition, Kibabii University Pension Scheme held its Member Pre-Retirement Training on Monday, 10th June, 2024, in the University Senate Boardroom. The event, organized by the Pension Trustees in collaboration with Scheme Administrator, Enwealth, was honored by the presence of Vice Chancellor Prof. Isaac Ipara Odeo. The event brought together members of the University community spanning various age groups.
In his address, the Vice Chancellor emphasized the importance of self-reliance during retirement. He urged members to start their preparations early and to practice fairness in investing and distributing pension revenues to their dependents. Prof. Odeo also praised the pension trustees for their effective management, which has resulted in the scheme’s stability and growth over the past decade.
Key presentations were delivered to the members by various resource persons. Notably, Mr. John K. Cheruiyot, a retired Agriculturalist with diverse investment portfolios across the country, shared his 36-year career journey. He emphasized on investment on fixed assets, hard work and honesty during one’s career. Another significant contributor was Dr. Jumba Locho, an Obstetrician-gynecologist, who provided an in-depth and engaging talk on “Ageing and Health.”
Today, the Kibabii University Pension Scheme boasts of 474 members with a fund value of 872 million. According to Scheme Chairman Dr. Duncan Wasike, the scheme is experiencing a growth trend, having reported a gross return of 7% for the third quarter ending 31st March, 2024.
“Our investments are aligned with the Retirement Benefits Authority, and we believe our portfolios are performing well. We anticipate posting a higher return by the year ending 30th June, 2024,” Dr. Wasike stated.
