Set up by a sponsor/organization for the benefit of its employees. This is exclusive to the staff members of the organization and it is registered with the Retirement Benefits Authority as a separate single entity.

Admits employers and lets them choose the level and type of benefits the employees shall enjoy as set out in the deed of adherence

• The main purpose of the scheme is to provide retirement benefits to members on retirement and relief to the dependents of the members in the unfortunate event of their demise.
• The scheme also provides relief to members in the event of job loss.
• Other benefits available from the scheme include ill health retirement benefits as well as benefits on grounds of emigration from Kenya without the intention of residing back in the country.
• The scheme assets are invested in a guaranteed fund.
• Each participating organization gets to select their preferred rate of contribution

• It saves the Employer from the hassles of administering a retirement benefits scheme.
• It enables the organization to concentrate on its core business.
• The schemes under management enjoy reduced COSTS due to economies of scale
• The Scheme is Tax exempted. This ensures that the members of the participating organization get to enjoy the tax incentives offered under the Income Tax Act.
• Scheme is registered and regulated by the Retirement Benefit Authority.
• Helps the employer in retention of motivated workforce arising from an attractive retirement package.

• It is simple and secure. Each member is allocated an account and a unique member number, to which contributions are credited.
• Savings plan that earns attractive annual interest.
• Transfers from other registered Pension Plans into this plan are allowed.
• Members get an annual statement of their benefits which they could also access via the Prudential members portal on real time basis.
• The scheme is NSSF Act, 2013 compliant and will facilitate the opting out process for the organization.

An employer may sensitize its members to join a Personal Pension plan with the option of the employer also contributing towards the member’s retirement benefits.

Similarly, one can establish a personal retirement arrangement that they run at an individual capacity – IPP.

• Complete a membership application form and provide a copy of your national identity card and PIN.
• You can transfer your retirement benefits from your previous scheme to this Scheme.
• One will be issued with a policy document after paying your first contribution to the Scheme.
• One may contribute to the scheme on a monthly, quarterly, half yearly or yearly.

• No set up fee
• No requirement for appointment of trustees and service providers
• No administrative involvement for employers
• Enjoy tax incentives since the scheme is registered with KRA
• Members can start contributing immediately
• The Scheme will be credited with investment income on a compound basis.
• A member can vary contribution levels as per financial circumstances
• Good for benefits consolidation from past employer schemes

• Members get an annual statement of their benefits which they could also access via the Prudential members portal on real time basis.
• The scheme is NSSF Act, 2013 compliant and will facilitate the opting out process for the organization.

To join the Retirement Benefits Scheme, you will be required to complete a Member Joining Form and provide the details required in the form.

Here is the team of service providers that works with us to ensure the success of the Individual Retirement Benefits Scheme.