{"id":104420,"date":"2024-12-05T17:03:25","date_gmt":"2024-12-05T17:03:25","guid":{"rendered":"https:\/\/chezaspin.com\/blog\/index.php\/2024\/12\/05\/treasury-goes-digital-to-clear-pension-backlog\/"},"modified":"2024-12-05T17:03:25","modified_gmt":"2024-12-05T17:03:25","slug":"treasury-goes-digital-to-clear-pension-backlog","status":"publish","type":"post","link":"https:\/\/chezaspin.com\/blog\/treasury-goes-digital-to-clear-pension-backlog\/","title":{"rendered":"Treasury goes digital to clear pension backlog"},"content":{"rendered":"<p><strong>Pensioners have until the end of February 2025 to register with the new pensioner self-registration portal or face suspension from the payroll.<\/strong><\/p>\n<p>National Treasury Principal Secretary Dr Chris Kiptoo says the government is looking to eliminate inefficiencies in processing claims as part of a new end-to-end Enterprise Resource Planning System (ERP).<\/p>\n<p>According to Treasury, Kenya holds about Ksh 2 trillion in assets in the pensions sector, with only 26pc of Kenyans enjoying pensions.<\/p>\n<p>The government says that these numbers can improve if efficiency and reliability are improved through technology in the pensions sub-sector .<\/p>\n<p>The launch of the new E-registration portal, which is a module of an overall proposed e-pension system is targeting pensioners who have especially been registering challenges such as loss of records or incorrect pension balances among others.<\/p>\n<p>For the 2022\/2023 financial year, Treasury planned to process 28,422 claims but finished the year with only 18,640 applications.<\/p>\n<p>This indicates a drop in the number of files processed due to slow payments of claims.<\/p>\n<p>The government has also developed a new system that will increase the number of Kenyans in the formal pensions system by targeting the informal sector.<\/p>\n<p>The post <a href=\"https:\/\/kbc.co.ke\/treasury-goes-digital-to-clear-pension-backlog\/\">Treasury goes digital to clear pension backlog<\/a> appeared first on <a href=\"https:\/\/kbc.co.ke\/\">KBC<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Pensioners have until the end of February 2025 to register with the new pensioner self-registration portal or face suspension from the payroll. National Treasury Principal Secretary Dr Chris Kiptoo says the government is looking to eliminate inefficiencies in processing claims as part of a new end-to-end Enterprise Resource Planning System (ERP). According to Treasury, Kenya [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-104420","post","type-post","status-publish","format-standard","hentry","category-uncategorized","entry"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/104420","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/comments?post=104420"}],"version-history":[{"count":0,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/posts\/104420\/revisions"}],"wp:attachment":[{"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/media?parent=104420"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/categories?post=104420"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/chezaspin.com\/blog\/wp-json\/wp\/v2\/tags?post=104420"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}