KUPPET Officials Demand Transparency on Pension Deductions from Akelo Misori.
The Kenya Union of Post Primary Education Teachers (KUPPET) branch Executive Secretaries have raised concerns about the management of their 31 percent pension deductions.
They have formally written to the union’s Secretary General, Akelo Misori, seeking clarification regarding the whereabouts of the deducted funds from their salaries.
Letter from Executive Secretaries
In a letter dated September 20, 2024, signed by 40 Executive Secretaries, the branch leaders pointed out that the union’s National Treasurer, Mwithi Njenga, revealed that KUPPET has not been remitting their pension contributions to the Teachers Service Commission (TSC).
The TSC reportedly refused to accept the funds, prompting the union to open a separate pension account to hold the money.
This decision was made without informing the Executive Secretaries, the actual contributors of the funds. Additionally, Ksh34 million from the pension fund was loaned to KUPPET Solidarity Sacco, raising concerns among the secretaries.
The letter, also copied to various officials including the Principal Secretaries in the Ministry of Labour and Social Protection, the Registrar of Trade Unions, and the TSC Secretary and CEO Dr. Nancy Macharia, highlighted fears of potential mismanagement of the pension fund.
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The branch leaders demanded transparency regarding the handling of their contributions, raising specific concerns about how the money has been utilized and where it is being kept.
Concerns Raised
The unionists outlined several key issues:
- Confirmation of the bank where the pension account is held, including the exact account number.
- The total amount accumulated in the account as of September 1, 2024.
- The balance remaining in the account after Ksh34 million was loaned to the KUPPET Solidarity Sacco.
- Physical financial statements for all members to review.
- Details on how the Ksh34 million loaned has accrued interest and how the contributors will benefit from it.
Calls for Accountability
The branch leaders requested detailed financial records and demanded full disclosure to ensure that their pension contributions are being managed responsibly.
They emphasized the importance of having access to the financial statements so they could verify the accuracy and legitimacy of the transactions.
They also sought information on any potential benefits that could be derived from the loan extended to the Sacco.
Recent Union Meeting
These concerns follow a recent National Governing Council (NGC) meeting, which took place the previous Friday.
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While it is unclear whether the issue was fully addressed during the meeting, there is ongoing uncertainty about whether a resolution was reached to satisfy the Executive Secretaries.
Teachersupdates.news has not been able to independently verify if the matter was thoroughly discussed during the meeting.
KUPPET Officials Demand Transparency on Pension Deductions from Akelo Misori
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