Group Pension Plan

What is a Group Personal Pension Plan?

The Group Personal Pension Plan is a voluntary retirement savings scheme for organizations, companies, SACCOs, NGOs, or registered groups that want to help their members build retirement wealth.

Each member of the group holds an individual pension account, but the administration and contributions are managed collectively , making it easier to save, grow, and secure retirement funds.

Key Features of the Plan

• Open to Employers and Groups: Available to registered companies, SACCOs, cooperatives, and informal groups

• Individualized Accounts: Each member has a personal pension account, with their savings tracked separately

• Flexible Contributions: Both employer and employee (or group and member) can contribute monthly, quarterly, or annually

• Tax Benefits: Contributions may qualify for tax deductions under Kenyan retirement savings laws

• Portable Benefits: Members keep their pensions even if they change jobs or leave the group

• Professional Fund Management: Funds are managed by licensed, experienced investment managers to ensure steady growth

Why Choose the Group Pension Plan?

• ✅ Encourages a savings culture among employees and group members

• ✅ Improves staff morale and loyalty with long-term financial security

• ✅ Meets statutory pension obligations for organizations and businesses

• ✅ Customizable contribution structures based on your group’s capacity

• ✅ Low administrative burden — we handle record keeping and compliance

Who Can Join?

• Employers seeking a retirement solution for staff

• SACCOs and welfare associations

• NGOs, religious institutions, and organized community groups

• Small businesses or startups unable to set up formal pension schemes