The Pension Working Party is a dedicated group within the Actuarial Society of Kenya (TASK) focused on advancing the understanding and development of pension systems in Kenya. This group comprises professionals and experts in the field of pensions and retirement planning who contribute their expertise to address challenges and foster growth within the pension sector.
Role and Objectives:
Research and Development: The Pension Working Party conducts research to understand the current landscape of pension schemes in Kenya, identifying areas for improvement and innovation. This includes studying best practices from around the world and proposing strategies that can be adapted to the Kenyan context.
Policy Advocacy: The group plays a vital role in advocating for effective pension policies. It collaborates with regulators, policymakers, and other stakeholders to ensure that the pension system is robust, sustainable, and inclusive, catering to the diverse needs of the Kenyan population.
Education and Awareness: Through seminars, workshops, and publications, the Pension Working Party educates TASK members and the public on pension-related matters. This includes providing insights into pension regulations, retirement planning, and the importance of saving for retirement.
Professional Development: The group offers a platform for actuarial professionals to deepen their knowledge and skills in pension-related matters. It fosters a community of practice where members can share experiences, discuss challenges, and develop innovative solutions.
Collaboration and Networking: The Pension Working Party encourages collaboration between different stakeholders in the pension industry, including pension scheme administrators, employers, government bodies, and international organizations. It aims to build a strong network that supports the growth and sustainability of the pension sector in Kenya.
By fulfilling these roles, the Pension Working Party contributes to the mission of TASK in promoting the actuarial profession and ensuring that Kenya’s pension systems are well-regulated, efficient, and capable of providing adequate retirement income for all Kenyans.
Membership
The Working Party shall comprise between ten and sixteen members and will include the following:
Chair
Deputy Chair
Secretary – this will be rotational amongst the members