Pension Plans

In the event that an organization wants to set-up their own retirement benefits plan, Dry Associates can assist the corporate through the entire process and act as the Fund Manager. This typically becomes feasible for organizations with at least 30 employees. To date, Dry Associates has set up several segregated retirements benefits schemes that are performing well and to the organization’s satisfaction.

A retirement benefits plan can be set-up within a reasonable time and the process is shown below:-

• Establish a Retirement Benefit Plan
  Following a board resolution to set up a retirement benefit plan, Dry Associates will prepare a Trust Deed and Rules that will form the basis of the agreement between the organization and the Trustees of the plan. Dry Associates will further assist the organization to come up with the plan’s design and benefit structure based on the organization’s particular needs and requirements.
• Register a Retirement Benefit Plan
  Next, DAL will guide the client in the implementation of the Retirement Benefit Plan to be in compliance with the RBA and the Kenya Revenue Authority (KRA). Registration with the RBA and the KRA must be sought prior to the commencement of the plan in order to take advantage of tax exemptions.
• Manage a Retirement Benefit Plan
  Finally, Dry Associates Ltd. will ensure that the investments of the retirement benefit plan conform to the requirements of the RBA Act and the plan’s Investment Policy Statement and earn a return in accordance with the pension's objectives.

We look forward to meeting with you to discuss setting up your own retirement benefits plan if you believe this deserves consideration!

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