Defined Benefits

The Kenya Ports Authority Pension Scheme, established in the early 1930s, was governed by the European Officers Pension Regulations of 1932, which remained in effect until the EAC’s dissolution in 1977.

From 1969 to 1977, East African Cargo Handling Services Corporation (EACHC) managed cargo operations, while Kenya Ports Authority (KPA) handled real estate. After EAC’s dissolution in 1977, Kenya Ports Auhority was established in 1978, and pension arrangements for KPA employees were regulated in 1983.

The Kenya Cargo Handling Services Ltd Staff Pension Scheme was established in 1981 and became operational in 1982. Following the merger of Kenya Ports Authority and Kenya Cargo Handling Services Ltd, all employees were transferred.

The KPA Pension Scheme, established in 1998, consolidated pension arrangements between KPA and former Kenya Cargo Handling Services Ltd. It was closed to active members in December 2012.

Defined Contributions

The Kenya Ports Authority Retirement Benefits Scheme 2012 was established in 2013 to provide retirement benefits to KPA employees following the closure of the DB Scheme.

Under the restructuring:

• Active members who were below 45 years of age as at the date of closure of the DB Scheme were automatically transitioned to the new Defined Contribution (DC) Scheme.
• Members aged 45 years and above were given the option to either remain in the DB Scheme or join the new DC Scheme.

The establishment of the KPA Retirement Benefits Scheme 2012 marked a significant shift in the management of retirement benefits, with a focus on individual member accounts, enhanced transparency, and long-term fund sustainability.