The workers are now demanding for full settlement of retirement benefits as well as a pension due to Laptrust and Lapfund, which are owed billions of shillings.
Laptrust, Lapfund to hold talks to end merger standoff
Wednesday March 10 2021
Nairobi Senator Johnson Sakaja addressing the press outside Parliament buildings on April 8, 2020. PHOTO | SILA KIPLAGAT | NMG
By PETER MBURU
The law merges all pension schemes covering county government workers including the County Pension Fund (CPF).
But court battles have hindered the consolidation of the pension schemes, leaving them running independently.
On Wednesday, the two schemes, the Retirement Benefits Authority (RBA) and the Kenya County Government Workers Union (KCGWU) appeared before Senate’s Labour Committee where they expressed willingness to engage in discussions to end the standoff.
However, the stakeholders said they would only participate in talks led by a third party and on neutral grounds.
Cardiff and Vale pension fund still has £57m invested in fossil fuels despite divestment promise
The fund invests in companies like Royal Dutch Shell, BP, Anglo American and ExxonMobil
16:33, 28 FEB 2021
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DORSET Council is one of three local authorities in the South West with the largest percentage of assets invested in fossil fuels. A report by environmental campaigners Friends of the Earth and Platform revealed that the pension fund of Dorset invests around 4.49 per cent of the fund’s value into fossil fuels. According to the campaigners, Dorset, Devon, and Avon council pension funds account for 58 per cent of all fossil fuel investments by Local Authority Pension Funds in the South West. Co-ordinator of East Dorset Friends of the Earth, Angela Pooley told the Daily Echo: “Our first thought on this report, along with the national Friends of the Earth, was that we should be moving away from fossil fuels and, locally, there should be no more investment at all in fossil fuels.