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HomeBungomaCounty Pensions Fund (CPF) Celebrates Rise in Annual Turnover.

County Pensions Fund (CPF) Celebrates Rise in Annual Turnover.

By Timothy Wekesa
(IP Reporter)

BUNGOMA, Kenya .

The County Pension Fund (CPF) has been lauded for improved services and a rise in income, according to officials speaking at the fund’s annual general meeting held in Bungoma.

Group Executive Director Joseph Rono announced that the fund’s income grew by 11 percent, attributing the increase to enhanced member confidence and consistent contributions from county governments.

“Counties have developed confidence in us and translated CPF into a sustainable revolving fund for pensioners,” Rono said.

He noted that despite delays in disbursements from the national government, most counties have prioritized remitting employee contributions on time.

“The majority of the county governments are remitting dues on time and coping with the cash transfer challenges — save for a few, which still remain committed,” he added.

Roba Duba, Secretary General of County Government Personnel, echoed the remarks, emphasizing the importance of quality service for CPF members.

“CPF services have remained satisfactory to our members and continue to uphold their dignity,” Duba said. “We are confident it is the ideal scheme for both current and future workers.”

Nyeri County was specifically commended for its timely remittances and ability to withstand delays in central government funding.

In attendance were Nyeri Governor Mutahi Kahiga, Bungoma Deputy Governor Jennifer Mbatiany, and representatives from all 47 counties.

Ends.

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