Laptrust and Lapfund agree to hold talks to end merger standoff
Delegates during a past Lapfund AGM in Mombasa. Lapfund and Laptrust have agreed to iron out their differences in order to clear the way for the implementation of the County Governments Retirement Scheme Act, 2019.
Warring retirement benefits schemes for county government workers — Lapfund and Laptrust — have agreed to iron out their differences in order to clear the way for the implementation of the County Governments Retirement Scheme Act, 2019.
The law was meant to merge Lapfund (Local Authorities Provident Fund) and Laptrust (Local Authorities Pensions Trust) — both of which are retirement schemes managing billions of shillings for employees of county governments into one — as a way to improve the efficiency and management of county workers benefits.
