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KPA Pension scheme members assured of transparency

The Kenya Ports Authority (KPA) Pension Scheme members have been assured of proper management of the scheme in an effort to serve them better.

Making the assurance, KPA Pension Scheme Trustee Ferdinand Malumbo said the leadership will be transparent and welcomes any aggrieved member to reach out to them in case of challenges.

He was speaking in Kakamega during the KPA Pension Scheme regional awareness meetings accompanied by Violet Mugambi and Paul Mwaka, both elected trustees of the scheme.

Malumbo noted that the engagement forums are a clear indication that the management of the scheme minded the plight of the members and was ready to incorporate their views and opinions in managing the same.

Malumbo disclosed that KPA Pension scheme has an asset base of more than Sh. 23 billion, hence it was critical for members to be actively involved in its management to avoid conflicts.

He said the views gathered during engagements with members will be used as part of the agenda during the Annual General Meeting (AGM) which will be held in December this year.

The three started meeting members of the scheme at the Coast region before moving to Western region and are set to proceed to Kisumu, Eldoret and then to the Eastern region before concluding the exercise early next month.

Kenya Ports Authority (KPA) Pension Scheme Trustee Ferdinand Malumbo speaks to KNA after meeting with members of the scheme in Kakamega on Friday

He said the meetings are necessary as the leaders inform members of the scheme of the legal and regulatory systems of governance necessary for stability.

“They are our employers. They elected us to oversee their scheme and therefore whatever we do should have their blessings. We are going to be open and for any matters that are so huge, we will have to engage them first,” he pointed out.

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