BENEFITS & SERVICES
Benefits designed around you, at every stage of your journey.
KRASPS offers a range of retirement benefits and solutions designed around your needs, wherever you are in your employment journey. Explore your options for retirement, early exit and death benefits, access claim requirements and documentation, and get the support you need to make informed decisions about your future.
OUR SERVICE AREAS
The Right Support When You Need It.
Explore our service areas and quickly find the guidance, information and support you need.
BENEFIT & CLAIM SERVICES
Know Your Benefits. Know What You Need. Get Started.
A simple guide to what you’re entitled to, the documents you need, and how to start your claim.
Retirement Benefits
Members who reach the normal retirement age or qualify for voluntary early retirement, in accordance with the Scheme Rules.
Your accumulated retirement savings which comprises your contributions, employer contributions and investment returns. The benefits may be accessed as a lump sum and/or converted into monthly pension income, subject to applicable laws and Scheme Rules.
- Duly completed Retirement Claim Form
- Copy of National ID or Passport
- KRA PIN Certificate
- Bank account details (statement or letter from bank)
- Two recent passport-size photographs
Early Exit / Withdrawal Benefits
Leaving Employment? Your Benefits Move with You.
If you leave employment before retirement, your accumulated benefits remain protected and are treated in accordance with the Scheme Rules and applicable law.
Members who leave employment before normal retirement age through resignation, redundancy, contract expiry or other eligible forms of exit.
Your withdrawal benefit comprises your contributions, eligible employer contributions and accumulated investment returns, subject to applicable preservation requirements, Scheme Rules and statutory deductions.
- Completed Withdrawal/Exit Claim Form
- Copy of National ID or Passport
- KRA PIN Certificate
- Letter of separation or confirmation of exit from employer
- Bank account details (statement or letter from bank)
Death Benefits
Protecting Those Who Matter Most.
In the unfortunate event of a member’s death, KRASPS ensures that the member’s accumulated benefits are administered with care, dignity and in accordance with the Scheme Rules and applicable law.
The member’s eligible beneficiaries and/or dependants, taking into account the Nomination of Beneficiary form held by the Scheme and applicable legal requirements. Where a beneficiary is a minor, their benefit may be preserved and prudently managed through a Trust Fund to support their education and essential needs until they attain the applicable age or meet the approved conditions for release.
The member’s accumulated contributions, employer contributions and investment returns, distributed to eligible beneficiaries and/or dependants in accordance with the Scheme Rules and applicable law.
- Death Certificate (original or certified copy)
- Completed Death Benefit Claim Form
- Grant of Probate or Letters of Administration (where applicable)
- Beneficiary identification documents (ID/Passport)
- KRA PIN Certificate of the beneficiary
- Bank account details of the beneficiary
CLAIM DOCUMENTATION
Get It Right the First Time to Ensure Faster Processing.
Before submitting your claim, take a moment to ensure everything is complete and accurate to help us process your benefits without unnecessary delays.
- Ensure your forms are fully completed and all required documents are attached.
- Attach all required certified documents — check the requirements for your specific benefit type.
- Confirm and ensure your bank details are accurate. Third-party accounts are not accepted.
- For death benefit claims, ensure all applicable legal documentation is provided.
Once we receive and verify your complete documentation, your claim is processed within the timelines provided under the Scheme Rules.
Withdrawal / Exit Benefits
In supporting your transition, processing begins once all required documents and confirmation of your exit from employment are received.
Retirement Benefits
To enable you move to the next chapter, processing is aligned to your retirement date and confirmation of your final pensionable salary.
Death Benefits
To support eligible beneficiaries when it matters most, claims are prioritised and processed as promptly as possible, subject to completion of the required legal and compliance processes.
Help Us Serve You Faster: Complete and accurate documentation helps avoid unnecessary delays.
ACCOUNTS STATEMENT
Track your contributions and see exactly where you stand — your pension account, always within reach.
A portion of your monthly salary goes directly into your pension fund, matched by employer contributions. Over time, these investments grow through professional fund management. Log in to your member account to view your latest statement, track contribution history, and simulate your projected benefits.
KEY FEATURES (PRMF)
Your Questions, Answered: Peace of Mind for Your Future.
Form of Provision
Sub-fund within the Scheme
Eligibility
Voluntary for all P& P and Contract Staff
Contributions
Voluntary at min of 1% of Basic Salary
Lumpsum
10% of Retirement Benefits can be assigned to a medical fund.
Investment
Separate Investment strategy at > 50M.
Taxation
Tax advantage of Kes. 15,000 monthly.
Benefits Access
No withdrawals during the life of the principal member. Only on Ill-Health, Early /Normal Retirement.
Administration
Managed in individual accounts of members, earns Interest annually & member statements to be provided.
Benefits Structure
Flexible Benefits Structure
Ready to start your claim?
