The National Treasury of Kenya has failed to release Sh23.78 billion for pension payments in the year ending June 2024, affecting at least 259,222 retirees and 83,615 dependents. The government had budgeted Sh189 billion for pensions and gratuities starting July 2023, but delays attributed to liquidity challenges have violated fiscal requirements that mandate treating pension funds as a first charge in the budget. This situation has left many retirees in a precarious financial position, struggling to meet their basic needs. The failure to disburse these funds has raised concerns about the government's commitment to its pension obligations and the overall stability of the pension system in Kenya. The delays have sparked outrage among retirees and advocacy groups, who are calling for immediate action to rectify the situation and ensure that pension payments are prioritized in future budgets. As the government grapples with liquidity issues, the impact on the lives of retirees continues to grow, highlighting the urgent need for reforms in the management of pension funds. [88787db2]