County workers' pension assets grow to Sh68 billion

Pension savings continue to grow as more workers and institutions invest in retirement schemes aimed at improving long-term financial security. [Courtesy]

Net assets of the County Pension Fund, one of the schemes under CPF Group, closed the 2025 period at Sh68.28 billion compared to Sh51.67 billion in 2024.

The pension fund, which handles county workers' retirement benefits, also saw its membership grow to 106,872 from 94,116 previously.

The sponsor base expanded to 194 institutions comprising county governments, affiliated agencies and private organisations, signalling growing confidence in retirement savings solutions among public sector institutions.

In the financials released by the CPF Group this week during their Annual General Meeting held in Isiolo County, the CPF Individual Pension Plan also posted impressive growth, with net assets rising by 66.8 per cent from Sh4.11 billion in 2024 to Sh6.85 billion in 2025.

Active membership stood at 23,001 as at December 31, 2025, compared to 23,787 in the previous year. During the year, the Scheme welcomed 3,467 new members against 4,253 exits, highlighting both the growing appeal of voluntary retirement savings products and the need for continued member engagement and retention.

CPF Group's Shariah-compliant pension offering, Salih Fund, recorded net asset growth of 34.1 per cent, increasing from Sh6.54 billion to Sh8.77 billion. Membership rose to 10,704 from 9,895, further consolidating its position as Kenya's leading Shariah-compliant pension product.

Meanwhile, the Post-Retirement Medical Scheme (PRMS), now in its third year of operation, grew its assets from Sh102.57 million to Sh164.28 million, while membership increased from 464 to 497 members.

The Group notes that Laptrust Defined Benefit Scheme remained financially resilient despite increased benefit payments and prudent accounting provisions, closing the year with total assets of Sh31.39 billion and net assets of Sh27.68 billion.

Active membership stood at 12,835 compared to 13,782 in the previous year, reflecting natural exits, retirements and normal attrition associated with a mature pension scheme.

“Retirement planning in Kenya is evolving, with savers increasingly seeking innovative solutions that address their unique financial needs. The strong performance across our schemes reflects the trust our members place in us and reinforces our commitment to expanding pension inclusion and delivering retirement solutions that enable more Kenyans to retire with dignity and financial security,” said the Managing Director and CEO of CPF Group, Dr Hosea Kili.

Laptrust Chairperson, Winfred Mbai, reaffirmed the Board's commitment to building a resilient institution that can deliver sustainable value for generations of members.

“Strong governance, prudent investment decisions and a long-term outlook will remain fundamental as we continue to strengthen retirement outcomes for our members and contribute to the growth of Kenya's pension sector,” she said.