Comrade's final meeting of the year with our key stakeholders, Treasury Department. Shaking hands in the middle are CTSL CEO, Charlie Gilichibi (left), and Assistant Secretary, Allan Kapi Wam (right). Comrade values and acknowledges the ongoing partnership with the State, through the Dept of Treasury in managing: 1. Unfunded State contributions for EXITING members. Comrade is in a credit position, thanks to Treasury, where exiting members are paid out their unfunded State component immediately together with the member's component since 2022. 2. For the first time since 2022, receiving Unfunded State contributions for ACTIVE members: K10m in 2022 K31m in 2023 (K20m received; K11m forthcoming in 2024) 3. Reimbursements for payment of State share of pensions (60% that CTSL pays upfront every fortnight on behalf of the State).
Undergraduate || Bachelor of Economics and Development Studies || Entrepreneurship Enthusiast
5moGreate, my team at General Economic Policy Division, Treasury Dept It is my pleasure to know you all.