KR pensioners delayed protest pension

Kenya Railroad retirees organized a demonstration on Thursday to delay the payment of their monthly pension for the past five months.

The group organized a peaceful demonstration in front of the Kenya Railways offices. Headquarters of Kenya Railways in Nairobi

They accused Kenya Railways of mismanaging the project by appointing a single director, Corporate and Pension Trust Services Ltd., without consulting the members [19659003"FebruaryTheKenyanRailwaysdidnotexplainwhat'sgoingon"saidtheformersecretarygeneraloftheKenyaRailwayWorkers'AssociationHenryToiliduringthedemonstrationofrepresentativesofpensioners

They also denounced the arbitrary sale and disposal of their badets without disclosure and at "disposable" prices.

"All the properties we know have been sold, have been eliminated, for example, they said, in Chambilo Estate, Mombasa, the 32 apartments of the program that had been renovated in 2012 for a cost of 26 million World Bank shillings were leased for 50 years in 2014.

"Today, the apartments are still vacant, we are told that they were rented at a cost of Sh500,000. per month and there are no records of the transaction. Who pays 500,000 shillings a month for unoccupied houses? Toili said

Retirees are also questioning repeated announcements from corporations and pension trusts regarding the sale of the 3.24-acre parcel of Matumbato Road in Upper Hill, Nairobi.

"The only administrator of the company rented the same package to Nairobi governor Mike Sonko for an indefinite period."

"Mr. Sonko who renovates the buildings built a wall around the"

Pensioners accused the Administration of Retirement Benefits (ABR) of not having answered their questions whether the regulator had authorized the trustee to administer the documents, their plan. "Of the 29 registered pension plan administrators, the name Corporate and Pension Trust Services Ltd. is nowhere to be found", said Mr. Toili

at the last annual general meeting four years ago, retirees complained about the integrity of the company., after the Ethics Committee and the Fighting Corruption recovered 15 plots of land in Ngara, Nairobi, belonging to the pension scheme, which the only trustee had sold illegally.

Retirees also questioned the sale of land on Valley Road , Nairob i and two other acres in Makongeni Estate, Nairobi which was sold to Kenya Power and Lighting Corporation.

"Sales were made in 2014 without disclosure to members," said Toili. fbAsyncInit = function () {FB.init ({appId: "174023979648743", xfbml :! 0, version: "v2.5")}; (function (d, s, id) {var js, fjs = d.getElementsByTagName (s) [0]; if (d.getElementById (id)) {return} js = d.createElement (s); js.id = id; js.src = "http: //connect.facebook.net/en_US/sdk.js";fjs.parentNode.insertBefore(js,fjs)}(document,'script',&#39 ; facebook-jssdk & # 39;)) [ad_2]
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