By Albert Ouma and Meshack Wafual, RU Media Students.

Rongo University employees on Monday, 21st November 2022 attended a two day workshop on matters of pension scheme and savings.

The scheme dubbed as Rongo University pension scheme mainly focused on provision of optimum benefits to members by maximizing returns and judicious management of risks.

Employers were undertaken through the following topics:

  1. Governance structure in pension scheme.
  2. Retirement benefits schemes
  3. Set up and Regulations of Retirement and Benefits Authority.
  4. How to access benefits after retirement.
  5. Payment process of pension
  6. Taxation
  7. Options in retirement pension scheme.

In addition to these, employees were also undertaken through different investment opportunities that are recommendable in the current market for them to find a better way of investing at an early stage.

The scheme being two years since its formulation, is expected to be registered officially by the institution after all legal requirements are met by both stakeholders in the scheme and the institution as its expected to be main sponsor to this scheme.