Maseno University Retirement Benefits Scheme commenced on 1st September 1990, with the sole purpose of safeguarding retirement benefits of Maseno University Staff. The Scheme was established through an irrevocable Trust Deed on 26th August 1996 as a contributory defined benefits scheme.
The Scheme was converted to a defined contribution scheme with a 50% underpin as from 1st July 2004. In May 2015 the Scheme was converted to a full defined contribution Scheme. The members currently contribute 10% and the University contributes 20% of the basic salary.
The Scheme is registered and approved under the Retirement Benefits Act 1997 and complies with all the provisions of the Act. The Scheme is also approved by the Kenya Revenue Authority as an exempt plan under the Income Tax Act (Cap 470).
"Providing excellent retirement benefits to our members"
"To provide outstanding reputable benefits to members through maximization of returns, prudent management of risks and enhanced member communication"
We take responsibility for our actions and decisions, maintaining transparency in all our operations.
We maintain the highest standards of professional conduct and expertise in managing our members' benefits.
We strive to provide the best possible service to our members.
We uphold honest and ethical practices in all our dealings, building trust with our members.
We collaborate effectively to achieve our goals and serve our members better.
We use cookies to store preferences and session information. Your data is never sold to third parties and is used solely to improve our services.
Member information is collected for service improvement and communication. We maintain strict confidentiality and never share personal data externally.
We implement robust security measures to protect your information. All data handling complies with Kenyan data protection regulations.
