Ruto allocates Uhuru Ksh678.5m retirement package
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Ruto allocates former President Uhuru Kenyatta KSh678.5m retirement package in the supplementary budget
Ruto allocates former President Uhuru Kenyatta KSh678.5m retirement package in the supplementary budget.
The National Treasury has allocated retired President Uhuru Kenyatta Ksh 678.5 million as his pension and retirement perks.
The allocation is part of President William Ruto’s first supplemental budget, which features updated spending and budget deficit projections for the current fiscal year under the new administration.
The total amount of Ksh 678.57 million includes Ksh 655.32 million for Uhuru Kenyatta’s office, while Ksh 23.47 million, or Ksh 1.95 million per month, will be wired to the bank accounts of the former President as a pension.
The National Treasury in the last regime (Uhuru Kenyatta) omitted perks allocations from the budget for the fiscal year beginning July last year, which was interpreted as a nod to the former Head of State’s desire to remain active in party politics.
This is after Uhuru was in February last year offered a five-year term as head of the Jubilee Party and is listed as chairman of Azimio la Umoja One Kenya Coalition’s council.
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Uhuru’s retirement benefits will be the largest ever offered to a former President, highlighting the difficulty of keeping former Kenyan heads of state happy in retirement.
His perks include Ksh 140 million for the purchase of luxury vehicles and other transport-related equipment, and Ksh 162,49 million to facilitate his domestic and international travel.
The late Mwai Kibaki was offered Ksh 94.26 million in perks during the fiscal year beginning in July 2014, his first full year after leaving office.
A monthly pension for a retired President is equal to 80 percent of his pensionable salary, or 60 percent of the Ksh1.44 million monthly salary offered to the current President.
In addition to fuel, housing, and entertainment allowances, his overall benefits surpass those of the top chief executives of state-owned companies such as KenGen, Kenya-Re, and Kenya Power.
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