5 February 2013

Kenya: Presidential Send-Off Slashed

The President should earn no more than Ksh 1,750,000 per month while the Deputy President should earn Ksh. 1, 487,500 per month, the Salaries and Remuneration Commission has proposed.

The figures are part of a proposed new pay package launched by the commission at the KICC today. They are part of a measure to create a sustainable wage bill for Kenya.

Commission Chairperson Sarah Serem said the recent trend in the public sector wage bill has been too high as compared with international desirable levels of wage sustainability. This she said would leave the economy vulnerable if the trend continues.

Presently, President Mwai Kibaki is expected to take home 25.2 million shillings when he retires having served as Head of State for two terms in addition to a Sh1 million monthly pension for the rest of his life after parliament last year, passed the Presidential Retirement Benefits (Amendment) Bill 2012.

Members of Parliament also attempted to award themselves a Sh9.3 million 'farewell token' that would have cost taxpayers over Sh2 billion, but President Kibaki declined to sign the amendment into law.

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