24.9 C
Nairobi
Saturday, November 2, 2024

Explained: What Happens to Money Left in Sacco When a Member Dies

In the event of a Sacco member's demise, concerns frequently emerge regarding the status of their account deposits, outstanding loans, and various financial issues. This...
HomecareerPerks, Salaries Kithure Kindiki Will be Entitled to as Deputy President

Perks, Salaries Kithure Kindiki Will be Entitled to as Deputy President

President William Ruto put forward the nomination of Interior Cabinet Secretary Kithure Kindiki for the position of Deputy President, following the impeachment of Rigathi Gachagua.

As per the Salaries and Remuneration Commission (SRC), Kindiki received a monthly compensation package comprising a basic salary and allowances totaling Ksh 957,000 as Cabinet Secretary for Interior.

Following his swearing in as Deputy President, his monthly earnings will rise to Ksh 1.2 million, in addition to other benefits associated with the role.

The SRC outlines that this monthly remuneration includes a basic salary of Ksh 736,313, a House Allowance of Ksh 300,000, an official transport allowance, and a salary market adjustment amounting to Ksh 190,875.

Consequently, the total monthly remuneration will amount to Ksh 1,227,188.

The SRC stipulates that the Deputy President will receive official transportation in accordance with the current government transport policy.

Additionally, Kindiki will be eligible for an annual medical coverage that extends to the State officer, one spouse, and up to four dependent children under the age of twenty-five.

This medical coverage includes Ksh 10 million for inpatient services, Ksh 300,000 for outpatient services, Ksh 150,000 for maternity care, Ksh 75,000 for dental services, and Ksh 75,000 for optical services.

The provisions of the Retirement Benefits for Deputy President and Designated State Officers Act, 2015, will be applicable.

The SRC further indicates that a State officer who is either serving or appointed for a fixed term will receive a service gratuity amounting to 31% of the annual pensionable emoluments for the duration of their service.

Moreover, the commission notes that if a pension scheme is established for state officers appointed for a fixed term, it will review and determine the rate of employer contributions to the scheme, along with any other financial retirement benefits.