Thinking of Buying a House Using Your Pension? Think Again!

On 23rd November 2022, the High Court of Kenya Judicial Review Division delivered a judgment quashing and prohibiting the implementation of the amendment of the made to Section 38(1A) of the Retirement Benefits Act, 1997 and the appurtenant Retirement Benefits (Mortgage Loans) (Amendments) Regulations, 2020 on the premise of a flawed parliamentary process and lack of public participation in the enactment thereof.

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