Question One
a) A monthly contribution of ksh. 2500 to a pension scheme which pays a fixed interest rate 4.5%. What is the total sum amount that should be to him due after 10 years of service with the employer. (6 marks)
b) Discuss FIVE regulations that govern the investment of pension funds in Kenya. (8 marks)
c) Highlight FOUR economic and final assumptions made when estimating the cost of defined benefit plan. (4 mark)
d) Retirement Benefits Authority was formed through an Act of Parlimanet. Discuss THREE reasons for the establishment of this Authority. (6 marks)
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