A new report by ICEA Group released in November 2025 shows that pension savings have become the primary source of income for most Kenyan retirees, reflecting growing trust in formal retirement schemes.
The study notes that retirees increasingly rely on pension payouts to meet essential needs, including medical bills, food, and housing.
According to the report, improved regulation, sustained financial literacy campaigns and wider enrollment in occupational and individual pension plans have strengthened retirement preparedness.
However, ICEA warns that many retirees still exhaust their savings within a few years, urging policymakers to enhance long-term saving options and post-retirement financial planning.
