Defined contributions

The Kenya Power & Lighting Company Limited, Staff Retirement Benefits Scheme 2006 (“the Fund”) was established by a Trust Deed and started operations on 1 July 2006. The Fund was formed for the employees of the Kenya Power & Lighting Company Limited (“Kenya Power”) as a result of the closure of Kenya Power’s Defined Benefit Scheme (“DB Fund”) as per the recommendations of the actuarial report of 31 December 2005.

Our Vision: To be the best-in-class occupational scheme in the whole of Africa
Our Mission: To deliver value and quality of life in retirement to our members

Click on more information to view the board members of Defined Contributions

A member can make additional voluntary contributions. The portion of your salary that you contribute to the scheme is normally deducted from your salary before taxation. There however exists a limit to the amount that is tax-free. Presently the limit on contributions is Kshs. 20, 000 but is reviewed periodically by the government.

The Defined Contribution Fund has been in operation for 9 years. The Fund has embarked on elaborate commercial properties development which will provide superior returns as well as a hedge against inflation.

To provide decent pension benefits to members in retirement through prudent funds investment.

Core Values

Integrity
Accountability
Courtesy
Efficiency
Stewardship

Latest News

fire awards 2016

The Fund participated for the third time in the Investment Awards 2016 organized by Think Business Ltd.

During the Award Presentation Ceremony held on Friday 28th October 2016 at the Windsor Golf & Country Club, the DC Fund bagged 2 Trophies (1st runners up in the Not for Profit category and 2nd runners up in the IFRS category) and the DB Fund b

The Fund participated for the fifth time in the Champion of Governance (COG) Awards 2016. The Fund was recognised during the award ceremony held on 4th November 2016 at the Intercontinental Hotel in the following categories;