Post-Retirement Medical Fund (PRMF)

Flexible Contributions for Lifelong Healthcare

The PRMF helps retired members cover medical expenses by allowing them to contribute while employed. Upon retirement, the accumulated funds can be used for healthcare needs. The Contributions into a Post-Retirement Medical Fund are voluntary and flexible such that it may be:

1. Fixed percentage of the member’s basic salary, or
2. A shilling amount. The fund is managed separately from the main pension fund

Ways to Access PRMF Benefits:
A member may use their PRMF after retirement in the following ways:

1. Retain funds in the PRMF to purchase a medical cover.
2. Use the PRMF balance to pay for medical expenses as they arise.
3. Transfer funds to a medical insurer (not another PRMF) for periodic premium payments.
4. Purchase an annuity to cover annual medical premiums.
5. Transfer funds to another PRMF.