Treasury CS Reduces Moi, Kibaki's Pension by Ksh15 Million

The national government, through Treasury, has declared that former Presidents Mwai Kibaki and Daniel arap Moi will earn less pension in the next year after their annual allocation was reduced by Ksh15 Million.

The Treasury has allocated Ksh96.5 Million for the two former Heads of State for their pension and other personal benefits, from Ksh116.6 Million.

In the past years, the retirement benefits of former presidents have come under sharp criticism, especially after these allocations were increased by large margins.

[caption caption="File image of former President Daniel Moi and Mwai Kibaki "][/caption]

In the event that the package will be awarded equally to the two, each of them will receive a monthly payout of Ksh4.65 Million, an amount that is three times higher than President Uhuru Kenyatta's official salary of Ksh1.2million.

Additionally, the government has put the benefits of the two at par with the salary and benefits of top chief executives of financial and telecom companies listed at the Nairobi Securities Exchange.

In 2015, the High Court barred the government from paying allowances worth millions of shillings to the two retired presidents after finding that they were what they termed as "unnecessary burden to the taxpayers."

However, the Attorney-General appealed the decision, allowing the two to continue enjoying the high pay.

Some of the entitlements Kibaki and Moi enjoyed before the court's nullification included a Ksh379,500 house allowance per month, fuel allowance of Ksh247,500, Ksh247,500 for entertainment and utilities Ksh379,500.

The law also entitles the duo to two personal assistants, four secretaries, four messengers, four drivers, and bodyguards.

Additionally, taxpayers also cater for workers in Kibaki’s Nairobi office that was bought at Ksh250 Million three years ago, and Moi’s office at Kabarnet Gardens off the city’s Ngong Road.

[caption caption="File image of former President Daniel Moi and Mwai Kibaki "][/caption]