Chris Infotainment

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 Appel...

Overview of Overpayment Issues in the National Pension System Over the past five and a half years, the Korean National Pension system has faced significant challenges related to the incorrect collection of insurance premiums. According to recent data, approximately 1.5 trillion Korean won in premiums were collected erroneously, leading to additional administrative costs that reached around 1.9 billion Korean won. The data was obtained through a request by Han Ji-a, a member of the People Power Party on the National Assembly’s Health and Welfare Committee. The information came from the National Pension Service and the National Health Insurance Service, revealing a growing trend of overpayments in the system. Key Details on Overpayment Cases From 2020 up to June of this year, there were 1,984,000 cases of overpayment, totaling 1.541 trillion Korean won. These overpayments occur when subscribers pay their premiums more than once or when they pay an amount that exceeds what is required...