Updated budget would give retired teachers large pensions.
Could receive their pension before July as a result of the Treasury’s Sh8 billion allocation in the updated budget.
The estimated 52,000 beneficiaries may, however, have to accept the rewards gradually because the allocation only makes up a portion of the Sh42 billion that a Nakuru court ordered in December.
With major development programs postponed in the supplemental budget, the retirees stand to gain the most from this provision.
Henry Rotich, the Treasury Cabinet secretary, informed lawmakers on Monday that some benefits, such the teachers’ pensions and statutory deductions, were carried over to this year.
In a struggle that began in 1997, it would be the closest the retired teachers have come to receiving their due.
The payout will be given in part before the financial year ends on June 30. The final one hundred days of the 2015–16 accounting year are covered by the supplemental budget.
The entire funding allotted to the Teachers Service Commission (TSC) increased to Sh188 billion as a result of the budget revision.
The budget office saw that there was an approximately 13,000 gap in teacher recruitment in elementary and high schools.
In its original budget, TSC intended to hire 9,159 primary school teachers and 10,000 secondary school instructors. Only 3,662 and 2,338 people have been recruited, though.
In the next three months, Sh2.7 billion will be invested in the fight against corruption, Mr. Rotich said the Liaison Committee.
The Ethics and Anti-Corruption Commission (EACC) and the Office of the Director of Public Prosecutions (DPP) are two of the five institutions that will use the funds.
The DPP has received Sh523 million to support its efforts in examining and prosecuting cases of economic crimes and corruption.
The budget for the Judiciary has been cut by almost Sh2 billion, which is anticipated to lead to a reduction in the number of magistrate and High Court stations.
The Chief Scientist announced that he has set aside an extra Sh1 billion for the multi-trillion-shilling Lapsset project in order to prevent any work stoppages.
He was answering questions from Aden Keynan, the Public Investments Committee chairman, who had inquired as to the State’s continued belief in Lapsset’s viability.
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Ethiopia already favors Djibouti over Ethiopia. Recently, neighboring nations have been discrediting tripartite agreements. Are these big initiatives our main priorities? Mr. Keynan enquired. He was alluding to Uganda’s recent decision to renounce a deal it had made with Kenya to jointly finance and develop the pipeline carrying crude oil.
Mr. Keynan said, “I have a lot of questions about Lapsset and other important projects that we have worked on for the last five years.”
Rotich said that the forthcoming Tokyo International Conference on African Development will be financed with Sh800 million that he had set aside.
The funding for the NYS and youth empowerment program was cut by Sh7.5 billion.
Updated budget would give retired teachers large pensions.
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