PS Isaboke Calls for Strong Governance in Pension Schemes

The Principal Secretary for Broadcasting and Telecommunications, Mr Stephen Isaboke, EBS, joined the Chief of Staff and Head of Public Service, Mr Felix Koskei, at the 22nd Annual General Meeting of the Telposta Pension Scheme, this morning, where both leaders underscored the critical role of strong governance and compliance in securing the future of pensioners.

In his address, Mr Koskei highlighted that pensions represent a profound legacy and reflect the foundation upon which a nation builds its future. He praised the Telposta Pension Scheme for demonstrating resilience and foresight despite sector-wide challenges, noting that the assets developed through pension investments stand as a testament to decades of prudent decision-making.

The Head of Public Service affirmed the Government’s partnership with pension schemes in safeguarding the welfare of retirees and called on Trustees to act decisively and strategically, including through possible divestiture options that strengthen liquidity.

On his part, PS Isaboke noted that sustainable pension schemes are anchored in solid governance structures, strict adherence to the law and transparent management practices.

The meeting was attended by Chairperson of the Board of Trustees, Mr Julius Cheptiony; Telkom Kenya CEO, Mr Mugo Kibati; founding trustee member, Mr Josphat Owiyo; Posta Kenya Postmaster General, Mr John Tonui and other dignitaries.