Sharp Daily
No Result
View All Result
Wednesday, May 14, 2025
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
Sharp Daily
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team
No Result
View All Result
Sharp Daily
No Result
View All Result
Home News

Uhuru Receives The First Ksh 1.32 million Monthly Pension

Benson Muriithi by Benson Muriithi
April 6, 2023
in News
Reading Time: 2 mins read
Uhuru Kenyatta To Lead African Union Election Observervation Mission To Nigeria

[Photo/Courtesy]

The former Kenyan President, Uhuru Kenyatta, has begun receiving a monthly pension of Sh1.32 million since December 1st, according to Treasury documents. Additionally, the government has retained Sh655 million for his retirement from party politics. This budget includes a fully furnished office, salaries for his aides, and luxury vehicles. To access this budget, Kenyatta must officially retire from party politics, as the law prohibits a retired president from holding office in a political party for more than six months after leaving the presidency.

In February 2022, Kenyatta was offered a five-year term as head of the Jubilee Party, and he currently serves as chairman of the council for the Azimio la Umoja One Kenya Coalition, which was used by Raila Odinga for his unsuccessful presidential campaign.

Read: Benefits President Uhuru Kenyatta Will Enjoy After Retirement

According to the law, a retired president is eligible to receive a monthly pension of Sh693,000 from the Treasury, as well as other benefits such as house allowance, fuel, entertainment, and utilities. These benefits are not dependent on the retired president’s political affiliation.

RELATEDPOSTS

Ruto’s appointment of Raila’s nephew and its political impact

April 23, 2025

Securing your future: Why self-employed Kenyans need personal pensions

January 3, 2025

When a Kenyan president retires, their monthly pension is calculated based on 80% of their pensionable salary, which is equivalent to 60% of the sitting president’s monthly salary of Sh1.44 million. In addition to this, retired presidents receive allowances for fuel, housing, and entertainment, which exceed the salaries and allowances of top executives at State-owned firms like KenGen, Kenya-Re, and Kenya Power.

Read: Details Of Uhuru’s Election Observer Mission To Nigeria

The benefits received by retired presidents have been the subject of much scrutiny, particularly in recent years, as the government has claimed to be implementing austerity measures to control the public sector wage bill. In 2015, the High Court ordered the government to stop paying millions of shillings in allowances to former presidents Daniel Arap Moi and Mwai Kibaki, ruling that they were an unnecessary burden on taxpayers. The Attorney-General appealed this decision, allowing the late Moi and Kibaki to continue receiving their high pay.

Additionally, the retired presidents are entitled to a team of 34 office and home workers, including two personal assistants, four secretaries, four messengers, four drivers, and bodyguards. These employees are funded by taxpayers. They are also provided with four cars, two of which are limousines, that are replaced every four years and receive full medical coverage and fully furnished offices.

Email your news TIPS to editor@thesharpdaily.com

Previous Post

Reasons Why Treasury Fully Acquired Telkom Kenya

Next Post

President Ruto’s Government Public Debt Crisis

Benson Muriithi

Benson Muriithi

Related Posts

Agriculture And Economy
News

Lets get Kenya out of FATF list

May 9, 2025
News

The downside of Impact Investing

May 2, 2025
News

Leadership challenges at the University of Nairobi

April 24, 2025
News

Easter eggs and earnings: Growing your nest egg with CMMF

April 16, 2025
News

Geoffrey Ruku declares KES 377M net worth during CS vetting

April 15, 2025
News

Butere girls teacher accused of altering play script with political content

April 14, 2025

LATEST STORIES

How AGOA and EPZs can transform Kenya’s trade

May 14, 2025

Safaricom forecasts earnings boost as Ethiopian losses shrink

May 14, 2025

Why Kenya must rebuild it’s textile legacy

May 14, 2025

Structuring private equity deals in Kenya

May 13, 2025

Money market funds: Smart saving and investing in Kenya

May 13, 2025

Kenya in May: Safari, coastline & deals you shouldn’t miss

May 13, 2025

Public Health Spending expected to grow in line with ethical development goals

May 13, 2025

NBA: Knicks, Pacers, Timberwolves near conference finals

May 13, 2025
  • About Us
  • Meet The Team
  • Careers
  • Privacy Policy
  • Terms and Conditions
Email us: editor@thesharpdaily.com

Sharp Daily © 2024

No Result
View All Result
  • Home
  • News
    • Politics
  • Business
    • Banking
  • Investments
  • Technology
  • Startups
  • Real Estate
  • Features
  • Appointments
  • About Us
    • Meet The Team

Sharp Daily © 2024