KUPPET Branch leaders put Akelo Misori on the spot over Pension Deductions: The Kenya Union of Post Primary Education Teachers (KUPPET) branch Executive Secretaries have expressed concerns about the management of their 31% pension deductions. They have written to the union’s Secretary General, Akelo Misori, asking for clarification on the whereabouts of the deducted funds from their salaries.
Unremitted Funds
The union has not been sending pension contributions to the Teachers Service Commission (TSC). This is according to KUPPET’s National Treasurer, Mwithi Njenga, in a letter signed on September 20, 2024. The letter had the signatures of 40 branch executive secretaries.
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Reportedly, the TSC refused to accept the funds. This led KUPPET to open a separate pension account to hold the money. This was done without informing the contributors. Additionally, Ksh34 million from the pension fund was loaned to KUPPET Solidarity Sacco, raising further concerns.
Transparency Demands
The letter, copied to key officials highlighted fears of mismanagement. The KUPPET officials mailed Principal Secretaries in the Ministry of Labour, the Registrar of Trade Unions, and TSC Secretary Dr. Nancy Macharia.
The branch leaders demanded transparency regarding their pension contributions. They raised specific questions on how the funds are being handled.
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Key Issues Raised
The unionists listed several issues for clarification:
- Bank Information: Confirmation of the bank holding the pension account and its account number.
- Total Contributions: The total amount in the account as of September 1, 2024.
- Loan Impact: The balance after the Ksh34 million loan to KUPPET Sacco.
- Financial Statements: Access to physical statements for all members.
- Loan Benefits: Details on the interest accrued from the loan and how contributors will benefit.
Call for Full Disclosure
The branch leaders stressed the need for full financial disclosure to ensure responsible management of their pension contributions. They seek to verify the accuracy of transactions and understand any potential benefits from the loan.
Ongoing Uncertainty
These concerns follow a recent National Governing Council (NGC) meeting. However, it remains unclear if the issues were fully addressed, leaving uncertainty among the Executive Secretaries.
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KUPPET Branch leaders put Akelo Misori on the spot over Pension Deductions