Murang'a University Staff Pension Scheme

Scheme Benefits

Retirement
Retirement Benefits

Normal retirement: 1/3 lump sum + 2/3 annuity/drawdown.

Death
Death Benefits

4x annual salary for death or permanent total disability.

Disability
Disability Cover

Critical illness coverage up to 30% of death benefit.

Mortgage
Mortgage Access

Up to 60% of accrued benefits as mortgage security.

Retirement
Retirement Savings and Financial Security

The Scheme helps members build long-term financial security through combined monthly contributions.

Protection
Death and Family Protection Benefits

The Scheme provides financial protection to members and their families in case of death, disability, or critical illness...

Savings
Tax Relief and Additional Savings Opportunities

The Scheme provides tax advantages to members because pension contributions are deducted before tax calculations.

Housing
Mortgage and Housing Support

Members can use up to 60% of their accrued pension benefits as security for mortgage financing.

Transition
Benefits When Leaving Employment Early

Members who leave employment before retirement age can access up to 50% of their accrued benefits in cash.

Access
Online Pension Access and Transparency

The Scheme provides members with convenient online and mobile access to pension information.