Retirement Benefits Authority of Kenya
- Hon. Abdirahin Haithar Abdi, MGH, Chairman of the Board of Directors
- Charles Machira, Chief Executive Officer
The Retirement Benefits Authority (RBA) is a regulatory body established by the Government of Kenya to supervise the establishment and management of retirement benefits schemes in the Republic of Kenya.
Establishment
Prior to enactment of the Retirement Benefits Act, the retirement benefits sector in Kenya was regulated by fragmented legislation, mostly Trust and Income Tax Laws. Without a specific body or regulations to set industry standards, pension schemes adopted different styles of operation, leading to serious challenges in proper administration of the sector,
RBA was subsequently established by amendment of the Retirement Benefits Act in a bid to resolve the problem by centralizing the administration of the sector within a single entity.
Objectives
Retirement Benefits Authority is mandated to:[1]
- Protect the interest of members and sponsors of retirement Benefits schemes.
- Advise the Government on matters relating to retirement benefits.
- Develop and promote the retirement benefits sector.
- Implement all Government policies relating to retirement benefits.
- Regulate and supervise the establishment and management of retirement Benefits schemes.
See also
References
- ^ "The Role of the Authority". www.rba.go.ke. Retrieved 2018-12-14.
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Kenya Government regulatory bodies- Communications Authority of Kenya
- Kenya Film Commission
- Kenya Film Classification Board
- Information and Communication Technology Authority
- Insurance Regulatory Authority
- Retirement Benefits Authority
- Central Bank of Kenya
- Capital Markets Authority
- Sacco Societies Regulatory Authority
- Competition Authority of Kenya
- Betting Control and Licensing Board
- Kenya Trade Network Agency
- Kenya Deposit Insurance Corporation
- Policyholders Compensation Fund
- National Construction Authority
- Kenya National Highways Authority
- Kenya Urban Roads Authority
- Kenya Rural Roads Authority
- Water Services Regulatory Board
- Energy and Petroleum Regulatory Authority
- Kenya Road Board
- Kenya Civil Aviation Authority
- Kenya Maritime Authority
- Kenya Electricity Generating Company
- Kenya Electricity Transmission Company
- Kenya Power and Lighting Company
- Geothermal Development Company
- Rural Electrification and Renewable Energy Corporation
- Kenya Nuclear Regulatory Authority
- Salaries and Remuneration Commission
- Parliamentary Service Commission
- Judicial Service Commission
- Teachers Service Commission
- Public Service Commission
- Public Procurement Oversight Authority
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