Kenyan taxpayers will award each of the 196 lawmakers who lost their seats in the 2017 General Election a pension pay-off amounting to Sh18.8 Million as they exit office.
The payoff intends to ensure that the ex-parliamentarians maintain the lifestyle they were used to in their service as legislators.
Broken down, the former MPs will earn a monthly salary of Sh53,736 for the next 29 years.
According to the Parliamentary Pensions Act, those who have served for two terms are entitled to a Sh125,000 monthly pension for the rest of their lives.
The loser MPs will additionally pocket Sh6.7 Million each, along with the other 416 members of the outgoing bicameral parliament (including the Speakers of the Senate and the National Assembly) as gratitude for their service.
Members who lost their seats in the National Assembly include, 109 elected MPs, 36 Women Representatives and four first-term nominees.
In the Senate, 36 elected senators and 12 nominees lost their seats.
The pensions will be available to lawmakers who have attained 45 years of age, while those who are yet to reach the age limit will have to wait.
By the time the 11th parliament was adjourned, MPs were drawing a monthly salary of Sh710,000 and were entitled to a Sh5 Million car grant, a Sh20 Million mortgage and a Sh7 Million car loan.
