the-star.co.ke·4 min read·medium
Peter Rotich: Managing a closed pension scheme requires a different strategy
✦AI Summary
The TelPosta Pension Scheme, a closed defined-benefit fund, is navigating the challenges of managing assets without new contributions while supporting over 7,000 pensioners. Administrator Peter Rotich highlights the need for investment diversification and prudent governance to ensure long-term sustainability.
TelPosta Pension Scheme Administrator and Trust Secretary Peter Rotich /HANDOUT RUNNING a pension scheme without receiving a single shilling in fresh contributions presents a unique challenge for trustees, particularly when the fund is ageing and pays billions of shillings in benefits every year.
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