The Defined Contributions (DC) Scheme is an occupational Scheme of KenGen staff and has 2,395 members with KES 8.93B in assets under management (AUM) as at 30th June 2021. The DC Scheme was established with effect from 1st January 2012 and is governed by its Trust Deed and Rules (TDR). The objective of the Scheme is the “provision of retirement benefits to employees of the sponsor and the participating employers upon their retirement or earlier withdrawal and to the dependents of deceased members” as provided in the Trust Deed of the Scheme.
To be a leading pension Scheme in the region that provides best-in-class service to its members.
To provide the best retirement benefits to members through prudent investments.
The Scheme was established on 1st January 2012 after the National Treasury issued a circular notifying all Schemes to close the DB Scheme with effect from 31st December 2012 to new entrants, migrating members below the age of 45 years to the DC Scheme and giving the option of moving to the DC Scheme or staying in the DB Scheme for those above 45 years.