MPs Secret Plot for Ksh7 Million Pension Payout

Parliament Building

Parliament Building

Members of parliament who lost seats in the last General Election have plotted a secret plan to get a Ksh 7 million additional payout on their pension plans. This happens despite the legislators having received Ksh 5.9 million pensions each last year.

Parliamentary service committee (PSC) has requested the Treasury to allocate 2.1 billion for the 300 lawmakers.

If the PSC’s request goes through, the money will be paid to former MP who lost their seats in the last General Election after serving only one term. Parliamentary service commission argues that  MPs must get a send-off package equivalent to 31 percent of the total pay earned during their term in office like other state officers such as governors.

PSC secretary Jeremiah Nyegenye

PSC secretary Jeremiah Nyegenye

“It has been determined that the commission should request the National Treasury for the Full amount of gratuity that would accrue to all one-term members of the 11th parliament in the forthcoming 2nd supplementary budget. For budgeting purpose, this is to request you to calculate the total amount of gratuity that would be due to all one-term members,” the letter signed by PSC secretary Jeremiah Nyegenye read.

Parliamentary Pensions Acts stipulate that only those who serve for two terms or more are entitled to a monthly pension of at least Ksh125,000 for the rest of their life.

As a rule, lawmakers pay 12.75 percent of their salary as their pension contribution.

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