NAIROBI, Kenya, June 18 – The Retirement Benefits Authority (RBA) has directed the trustees of the Standard Chartered Kenya Pension Fund to review and determine claims by pensioners who were excluded from a landmark Sh7 billion pension settlement awarded to 629 former employees.
In a letter signed by RBA Chief Executive Officer Charles Machira, the authority instructed the trustees to conduct a detailed and independent assessment of each claim and make determinations within 90 days from June 15, 2026.
The affected retirees include Jackson Komu Kyengo, Davies Kajogu, Lawrence Aswani, Paul Wanyoike, Ian Amogola and other former employees who were not among the 629 beneficiaries covered by previous court decisions.
“For the avoidance of doubt, each claim shall be considered and determined on its own merits, having due regard to the specific factual circumstances, evidentiary materials, and legal considerations applicable to each complainant,” Machira said.
“The trustees are further advised to ensure that such analysis complies fully with the reasoning and principles articulated by the Tribunal, and that no material deviation arises therefrom.”
The RBA further directed the trustees to issue each complainant with a comprehensive statement outlining the particulars of their claim, how the Tribunal’s findings were applied, and the rationale behind the final determination.
The directive follows years of litigation over the management and distribution of pension benefits within the Standard Chartered Kenya Pension Fund.
In 2025, StanChart began processing pension payouts to 629 former employees after the Supreme Court upheld a decision entitling them to a share of a disputed pension pool estimated at Sh7 billion.
However, a separate group of retirees challenged their exclusion from the settlement, arguing that they were similarly affected and should benefit from the same principles applied in the case.
The latest RBA directive could determine whether additional former employees will qualify for compensation arising from one of Kenya’s longest-running pension disputes.
