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The National Assembly is set to probe why KBC has failed to remit pension dues from the employer and employees to the pension scheme. This is after Teso South MP Mary Emasse sought a statement on why the KBC staff retirement benefits scheme is yet to transition from the Defined Benefits scheme to the defined contribution scheme as per the directive of the treasury. The unremitted contributions without interest stood at 1.6 billion shillings as of December 2023.
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National Assembly to probe KBC’s failure to remit pension contributions
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