Stanchart to Restart Pension Verification Following Court's Freeze Lift

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Stanchart to Restart Pension Verification Following Court's Freeze Lift

Resumption of Pension Verification Process

The Standard Chartered Kenya Pension Fund has announced the resumption of the verification exercise for 629 appellants involved in a long-standing pension dispute. This decision comes after a High Court ruling lifted a temporary injunction that had previously halted the process.

In a public notice issued on Monday, Fund Chairman David Ong'olo confirmed that the verification process would now proceed at Almary Green Business Park in Nairobi. The activity is scheduled to take place between October 6 and 9, and again on October 13, from 9 a.m. to 4 p.m. daily.

"Following the ruling issued by the High Court of Kenya at Nairobi on 2 October 2025, which lifted the temporary injunction restraining the Fund from executing the previous Public Notice published on 12 September 2025, the Fund will now resume the verification exercise," the notice stated.

"We are committed to ensuring a seamless verification process for the 629 Appellants in RBAT Appeal No. 8 of 2021."

The verification process aims to confirm the identities and documentation of the former employees involved in the case before any payment processing begins. Appellants are required to present themselves with the necessary documents as outlined in the September 12 notice.

Background of the Pension Dispute

The 629 appellants are former employees of Standard Chartered Bank Kenya who have been embroiled in a four-year legal battle over the computation of their retirement benefits. The dispute, filed as Retirement Benefits Appeals Tribunal (RBAT) Appeal No. 8 of 2021, alleged that the bank undervalued their dues when it converted its pension scheme from a defined benefit to a defined contribution plan in 1999.

In April 2022, the RBAT ruled in favor of the appellants, directing that their pensions be recalculated to include cost-of-living adjustments, housing allowances, and other benefits previously excluded. The Tribunal also ordered that over Sh1.1 billion in "surplus funds" be returned to the scheme with interest.

Standard Chartered challenged the decision in the High Court, the Court of Appeal, and finally the Supreme Court, all of which upheld the Tribunal's ruling. The Supreme Court dismissed the bank's petition on September 5, 2025, for lacking constitutional merit.

Legal Proceedings and Injunction

The High Court later issued an injunction temporarily halting the verification exercise pending consolidation of related cases. However, this order was lifted on October 2, allowing the Fund to proceed with the verification process.

The matter continues to attract attention, as 629 former employees have also demanded inclusion in the recalculation, arguing that the same pension errors affected their payouts. The High Court has also deferred a separate decision on interest accruals related to the delayed payments.

Key Details of the Verification Exercise

  • Date and Time: The verification will occur between October 6 and 9, and again on October 13, from 9 a.m. to 4 p.m. daily.
  • Location: Almary Green Business Park in Nairobi.
  • Required Documents: Appellants must bring the necessary documents as outlined in the September 12 notice.
  • Purpose: To confirm the identities and documentation of the former employees involved in the case.

Ongoing Implications

The resumption of the verification process marks a significant step forward in resolving the long-standing pension dispute. It reflects the commitment of the Fund to ensure a fair and transparent procedure for all involved parties. As the process moves forward, the focus remains on accurately assessing the claims of the 629 appellants and facilitating the proper distribution of funds.

This development is expected to bring clarity to the situation and provide closure to those affected by the pension scheme changes. The ongoing legal proceedings underscore the complexity of the issue and the importance of adhering to proper procedures to ensure justice for all parties involved.

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