Deputy President William Ruto will be hardest hit by a new Bill by Members of Parliament seeking to slash retirement packages for state officers.
The report recommended MPs make an amendment to the Retirement Benefits (Deputy and President and Designated State Officers) Act 2015,
Ruto's benefits were termed as excessive and the National Assembly's Constitutional Implementation Oversight Committee (CIOC) wanted them rectified.Deputy President William Ruto
The DP will be the one hit hardest when the recommendations are made. He was to be paid a lump sum which is calculated as a sum equal to one year's salary from the day he got into office.
Former Chief Justice David Maraga will also be hit by the reduced retirement package.
However, Raila Odinga, Kalonzo Musyoka and Former CJ Willy Mutunga will similarly be affected by the cuts which will touch the monthly pension that they have been receiving.
The Speakers of the two Houses and the Deputy Chief Justice will also feel the pain of the retirement package recommendations.
Notably, the Government in May 2021, allocated Ksh72,000,000 as gratuity for retired Presidents as stipulated in the recurrent expenditure estimates for the financial year 2021/22 tabled before Parliament.
The Treasury created a new budget item named the "gratuity for retired Presidents" that would commence July 2022, coinciding with the end of President Uhuru Kenyatta's tenure.
According to the budget estimates, the figure will increase to Ksh79,200,000 in the financial year 2024/25.
Further, the monthly pension for retired Presidents is set to rise from the current Ksh34,426,600 to Ksh42,426,600 (2022), Ksh42,776,149 (2023) and Ksh47,053,765 in the 2024 financial year.
At the same time, benefits for MPs going into retirement were increased from KSh983,170,000 in 2021 to KSh1,827,265,440 in 2022.
The new development came as a constant debate by political bigwigs is raging on Uhuru's future after his term ends in 2022.President Uhuru Kenyatta aides guard his vehicle at a past eventFile
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