Telposta Pension Scheme has issued a notice to its members and beneficiaries, asking them to visit the scheme’s offices to claim their retirement benefits.
The notice, published in local dailies on Friday, May 24, lists the names of 607 eligible individuals who are entitled to receive payouts from the scheme.
“The following Telposta Pension Scheme and Telposta Provident Fund members who left the service of the employer for various reasons or their beneficiaries/dependents are requested to present themselves to Telposta Pension Scheme offices to claim their retirement benefits,” read the statement in part.
The scheme has categorized the members into five distinct groups.
Categories of Listed Members
The first group consists of deferred members who have attained the age of 55 years and above, totaling 159 individuals.
The second group includes members who have been reported deceased, dismissed, or resigned, and whose benefits have not yet been claimed.
This group accounts for the largest number, with 304 members.
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On the other hand, the third group comprises members or dependents who have initiated the process of claiming benefits but abandoned it midway, amounting to 25 individuals.
The fourth group includes members who have stopped contributing to the scheme and have not claimed their benefits, totaling 118 members.
Finally, the fifth group consists of a single potential beneficiary who has been invited to visit the scheme’s offices.
Documents Needed to Make a Claim with Telposta
To authenticate their claims and undergo verification by the board of trustees, all members or beneficiaries/dependents are required to provide copies of necessary documents.
According to the notice, these documents include a national ID card, employment letter, termination letter, death certificates or burial permits, marriage certificates, baptismal cards or birth notifications, and a letter from the local area chief.
About Telposta Pension Scheme
The Telposta Pension Scheme was established on July 1, 1997, by the then-existing Kenya Posts and Telecommunications Corporation.
It was aimed at providing pensions and other retirement benefits to its employees and former employees, as well as former employees of Telkom Kenya Limited.
The scheme became closed to new entrants on November 30, 2007, and is a defined benefits pension scheme registered and approved under the Retirement Benefits Act 1997.
In addition, the membership of the scheme is comprised of deferred members and pensioners.
Deferred members are ex-employees who left the service of the employer on or before 30th November 2007 while pensioners are retired employees or dependents of former employees who died while in the service or in retirement.
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Benefits of the Pension Scheme
The level of benefits paid is calculated based on the member’s pensionable service and final pensionable salary.
Members who leave the employer’s service are entitled to receive their own contributions plus accrued investment income or a portion of the actuarially determined accrued benefit, depending on the applicable legal notice.
Additionally, the pension increase is guaranteed at 3% per annum for pensions in payment, and in case of a member’s death, the spouse or eligible children receive a pension.
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