Former Nakumatt Staff Asked to Apply for Pension Ahead of Liquidation

Shoppers lining to buy goods at a supermarket in Nairobi, Kenya
Shoppers lining to buy goods at a supermarket in Nairobi, Kenya.
Bizna Kenya

Former employees of supermarket chain Nakumatt have been asked to apply for their benefits ahead of liquidation. 

Through a notice addressed to members of Nakumatt Holdings Limited Staff Pension Scheme, it was communicated that staff who had not accessed their pension should do so before November 24. 

“Members of the scheme who have not collected their benefits from the scheme are invited to meet the Trustees and the Liquidator at Midland Hotel in Nakuru on 24th November 2023 at 9 am,” the Notice read in part. 

It was revealed that the meeting would discuss how to access benefits in line with the winding up plans.

A photo of an entrance to Nakumatt Supermarket.
A photo of an entrance to Nakumatt Supermarket.
Brookings Institutions

“Those who are on Whatsapp Group, please inform your fellow members provided they still have benefits in the scheme,” Nakumatt employees were informed. 

For those seeking to access their pension benefits, they are mandated to provide necessary documents proving their eligibility. 

The pension scheme was dissolved in 2019 which paved the way for members to receive their benefits. 

At the time, the Retirement Benefits Authority (RBA) announced that the scheme was being liquidated and over 6,990 employees would receive their benefits. 

In November 2020, the liquidator assured employees under the scheme they would receive their benefits within 30 days. 

The November 24, meeting is expected to give closure to thousands of employees who had worked in the once vibrant chain of supermarkets. 

Nakumatt was placed under administration in October 2017 by the High Court of Kenya.

This led to the closure of over 60 stores spread over the East African region. 

Maize Flour
Maize flour stacked at a supermarket.
Kilimo News