SAVE

We are helping you save to secure your future

RETIREMENT BENEFITS

Prudent management of funds for maximum returns

SCHEME ADMINISTRATION

Want to know your member statement, visit us

Scheme at a glance

Each month a member contributes a percentage of his pensionable salary into the scheme. Over the period until retirement (or until he leaves the scheme if earlier) the contributions along with the contributions paid by the university on a members behalf, are invested in the member account.

Become a member

To become a member of the scheme, one has to be confirmed as a permanent full-time employee of the university, and be formally admitted to membership by completing an Application for Membership Form. Every Eligible Employee is required to become a Member of the scheme as a condition of employment.

Announcements

Members' Portal

We wish to inform members of the Scheme that they can access the online member portal to check member contributions statement by clicking Member Portal. Members who experience challenge while accessing the portal can reach the secretariat during working hours via phone number 0701 095900 and 0734 788888 or by emailing This email address is being protected from spambots. You need JavaScript enabled to view it. .

Who We Are

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).