National Retirement Benefits Authority (RBA) Chief Executive Officer Dr Edward Odundo has urged retirement schemes trustees in the country to add values to members.
Speaking while delivering a public lecture to members of staff and business management students at Egerton University on Friday, Odundo said it is important for retirement schemes managers to carry out surveys on the best ways of safeguarding members’ savings.
“Strategic Management of Public Investments will help to promote maximum and sustainable benefits by retiring members of the schemes,” said Odundo.
He noted that many retired people lack sufficient financial management skills a fact that renders many poor and psychologically affected.
“We cannot just save, but we ought to draw out sustainable benefits plans by adding value to the members’ savings. We should carry out research on the best ways to go about it,’’ observed Odundo.
He urged retirement schemes members to indulge in entrepreneurship and investment workshops and small courses to prepare themselves for retirement.
He further noted that members should not wait until they retire to start benefiting from their savings.