INTRODUCTION
 I welcome you all to the 2013 UNPS
2007 Members Education.
 The
Trustees are committed to
educating members and every year
they ensure they go around all the
campuses for that purpose.
 The following is the program for this
year’s members’ education,
PROGRAM FOR THE
MEMBERS’ EDUCATION
Item
Time
Facilitator
Introduction and Updates 12.30 p.m. – 12.50 p.m. Chairman - BoT
on the Pension Scheme
Personal Finance
Management
Questions & Answers
12.50p.m. – 1:50 p.m.
Genesis(K)
1.50 p.m. – 2.00 p.m.
Chairman - BoT
Vote of Thanks
2.00 p.m.
Representative of College/
Campus
BOARD OF TRUSTEES
 Prof. P.M.F. Mbithi - Chairman, rep. Council
 Prof. G.A.O. Magoha- Rep. Council
 Prof. L.W. Irungu






Mr. K. Mbathi
Dr. W. Nyangena Prof. P.G.O. Weke Mr. B.D. Njuguna Mr. M. A. Adala
Ms. R.W. Ngondo -
Rep.
Rep.
Rep.
Rep.
Rep.
Rep.
Council
Council
Teaching Staff
Teaching staff
Non-Teaching Staff
Non-Teaching Staff
UoN Chief Legal Officer(Co-opted)
ELECTION FOR TEACHING MEMBER TRUSTEES
 The first term for Prof. P.G.O Weke expired on 6th
May 2013.
 Elections were conducted in the month of April
2013 and he emerged the winner. He has since
been approved to serve for another three-year
term.
 We thank the teaching staff who participated in
the recent elections and we encourage better
participation in future.
SECRETARIAT
The members of the Secretariat are as
follows:  Mrs. T.K. Alyela : Scheme Administrator
 Mr. C. O. Otage
: Scheme Officer
 Mr. J. K. Kariuki : Scheme Accountant
 Mrs. F. Munyao : Office Admin/ Driver
SERVICE PROVIDERS
The Trustees are fully responsible for managing the
Scheme in accordance with the Trust Deed and Rules.
However, the Trustees are required under the law to
engage services of various service providers while
carrying out their duties.
The following are the current Scheme’s service providers: 




Fund Managers
Custodians
Actuary
Lawyers
External Auditors
:
:
:
:
:
Genesis Kenya & Pine Bridge Investments
Standard Chartered Bank.
Alexander Forbes Financial Services
Kaplan & Stratton
Kenya National Audit Office
MEMBERSHIP
 All staff on permanent and pensionable
terms of employment by the University of
Nairobi (Sponsor) are eligible to join the
University of Nairobi Pension Scheme
2007.
 Newly employed members should ensure
they obtain membership registration forms
either from the Scheme’s offices or from
the offices of the Registrars of their
respective colleges.
MEMBERS ON UNPAID LEAVE OF
ABSENCE
Members who go on unpaid leave of
absence are required to continue making
contributions to the Scheme (i.e. 30% of
their
basic
salary)
to
ensure
their
membership.
Those members of staff on unpaid leave
who do not continue contributing stand the
risk of losing the benefits of a member, as
in the case of death in service benefits.
Additional Voluntary
Contributions (AVCs)
 Members are encouraged to make AVCs in order to
enhance their benefits.
 There is also a tax benefit for pension contributions
up to KShs 20,000 per month.
 AVCs together with accrued interest are payable in
full whenever members exit from the Scheme. [i.e.
AVCs are not subject to the requirement of “1/3rd
lumpsum and 2/3rd”].
 Members wishing to make AVCs should write a letter
to the Finance Officer, stating the amount to be
deducted, and giving a copy of the letter to the
Scheme Administrator.
UNPS STRATEGIC PLAN
 The Trustees have come up with the
first Strategic Plan for the Scheme
for the period 2012 – 2014. Members
have been issued with copies.
 This will enable the Trustees to
assess the performance of the
Scheme against the set up strategic
objectives.
FUND VALUE
 The
Trustees have continuously
adhered
to
prudent
investment
strategies
within
the
approved
guidelines
provided
by
the
Retirement Benefits Authority (RBA).
 As
at 30th June 2013 the
Scheme’s fund value stood at
KShs. 9,681,366,927.
Scheme’s Investment Portfolio
as at 31.05.13
Shares (quoted)
Market Value
26%
Property
15%
Cash and Demand
Deposits
18%
Corporate Bond
2%
Kenya Government
Securities
35%
T-Bills
4%
Scheme’s fund growth for the
period 2009 to June 2013
Scheme Fund Value
2009 - June 2013
10,000,000,000.00
9,000,000,000.00
8,000,000,000.00
7,000,000,000.00
6,000,000,000.00
5,000,000,000.00
4,000,000,000.00
3,000,000,000.00
2,000,000,000.00
1,000,000,000.00
-
Fund Value
BENEFITS PAYABLE BY THE
SCHEME
 Normal Retirement Benefits
 Early Retirement Benefits
 Retirement on ill Health
 Death Benefits
 Withdrawal Benefits
Trivial Pension
Members whose 2/3rds
amounts to an annuity,
which is KShs 6,105 or
less have the option of
being paid the entire
2/3rds.
RATE OF RETURN AND BENEFIT
STATEMENTS
 Rate of return declared by Trustees
for the financial year ending 30th
June 2012 was 20%. This was ONE
OF THE BEST IN THE INDUSTRY.
 The
Trustees are expecting to
declare another 20% rate of return
for the financial year ending 30th
June 2013.
NOMINATION OF
BENEFICIARY FORMS
 Members are advised to complete the
nomination of beneficiaries’ form and
update them regularly so that in the
event of death it makes it easier for
benefits to be processed and disbursed
to their beneficiaries.
 Nomination of beneficiary forms are
available at the Scheme offices or at
the College Registrar’s offices or can
be downloaded from the Scheme’s
website at pensions@uonbi.ac.ke
PRE-RETIREMENT
SEMINAR
 This year’s pre-retirement Seminar has
been scheduled to be held in August/
September 2013 for members who are
remaining with Seven(7) years or less to
retire and who have not undergone the
training.
 More information will be sent to members
at the appropriate time.
SCHEME’S OFFICES & CONTACTS
 The Scheme’s offices are located on 3rd
Floor of UNIPEN Apartments Block A.
Members are free to visit the offices and
make any relevant enquiries concerning
their Scheme.
 The following are the contacts for the Scheme:
pensions.uonbi.ac.ke
Website
:
Address
: P.
Telephone
: 0738-555-439,
E-mail
:
O. Box 30197 – 00100 GPO, Nairobi
0718-024-995
uonpension@uonbi.ac.ke
Thank You