About Pension Administration
We are licensed by Retirement Benefits Authority to provide comprehensive Pension Administration Services designed to manage and streamline your retirement plans. Our service ensures accurate benefit calculations, regulatory compliance, and timely pension disbursements, while improving transparency and participant engagement.
Key Features:
- Advisory to retirement benefits scheme.
- Trainings to boards of trustees and members of RBA.
- Day- to-day benefit administration
Key Components of Pension Administration
| Function | Description |
|---|---|
| Recordkeeping | Tracks participant data (contributions, service time, salary, etc.) |
| Benefit Calculations | Computes pension entitlements based on plan formula |
| Contribution Management | Monitors employer/employee payments into the plan |
| Regulatory Compliance | Ensures adherence to tax laws, labor laws, and fiduciary standards |
| Communication | Provides plan updates and education to members |
| Disbursement of Benefits | Issues retirement or disability payments in a timely and accurate manner |
| Reporting and Auditing | Prepares financial reports, actuarial valuations, and audit responses |
Need Assistance?
Call: +254 709 783 000