{"id":6929,"date":"2025-07-03T18:39:25","date_gmt":"2025-07-03T15:39:25","guid":{"rendered":"https:\/\/horizonnews.co.ke\/?p=6929"},"modified":"2025-07-03T18:39:25","modified_gmt":"2025-07-03T15:39:25","slug":"cpf-records-an-impressive-growth-as-deputy-ceo-rono-urges-counties-to-honour-remittances","status":"publish","type":"post","link":"https:\/\/horizonnews.co.ke\/?p=6929","title":{"rendered":"CPF Records An Impressive Growth As Deputy CEO Rono Urges Counties To Honour Remittances"},"content":{"rendered":"

By Tony Wafula<\/strong><\/p>\n

The County Pension Fund (CPF) has posted impressive growth and strong returns for its members despite a challenging economic environment, Deputy Chief Executive Officer Joseph Rono announced during the Fund’s Annual General Meeting (AGM) held in Bungoma County.<\/p>\n

Rono revealed that CPF declared an 11.4 % return for County Pension members, while the Individual Pension Plan (IPP) recorded a 10 % return, marking one of the organization’s most successful years in recent times.<\/p>\n

\u201cThis year, we have posted some of the most impressive results, with County Pension declaring 11.4% and IPP at 10% despite the difficult economic environment the country went through last year,\u201d Rono stated.<\/p>\n

\"\"
Joseph Rono, Deputy chief executive officer addressing the press in Bungoma on Thursday\/ TONY WAFULA<\/figcaption><\/figure>\n

He further highlighted significant growth in CPF\u2019s flagship, Post retirement medical fund, which has become an essential pillar for retirees seeking reliable healthcare coverage after leaving formal employment.<\/p>\n

\u201cOur post retirement medical fund has also continued to show great promise. We have recorded impressive results of around 12%, which shows the resilience and sound management of our schemes,\u201d he said, adding that healthcare remains a top priority for retirees and CPF is committed to ensuring affordable medical access in old age.<\/p>\n

The Deputy CEO underscored that CPF\u2019s assets have more than doubled over recent years, driven by sound investment strategies and increased member confidence.<\/p>\n

As of December last year, CPF’s total value stood at Sh51 Billion, a figure that has since risen to Sh 61 Billion.<\/p>\n

\u201cIn terms of value, our fund has now grown to Sh61 billion, which is a testament to the confidence our members have in CPF and the prudent management of the organization,\u201d Rono explained.<\/p>\n

He praised the resilience of the Fund\u2019s investment strategy, which has delivered strong returns despite the economic slowdown, inflationary pressures, and other fiscal challenges experienced nationwide.<\/p>\n

\u201cOur biggest challenge remains non remittance of contributions by some counties. If we would have received all remittances from counties, we would have posted even better returns for our members,\u201d Rono said.<\/p>\n

He emphasized that CPF continues to engage county governments, urging them to prioritize pension obligations as a fundamental part of their financial management practices.<\/p>\n

\u201cPension is not a favor, it is a right for employees who have served diligently. Counties must honor their obligations to ensure their workforce enjoys a secure retirement,\u201d Rono added.<\/p>\n

Rono announced that CPF has made a major stride in adopting digital solutions aimed at enhancing efficiency, accessibility and transparency in service delivery.<\/p>\n

He affirmed that the organization is leveraging technology to provide members with seamless access to pension services without the need for physical visits to CPF nationwide offices.<\/p>\n

\u201cAs an organization, we are very innovative. We are banking much on digital evolution to serve our clients better so that they don\u2019t always have to travel physically to our offices,\u201d Rono said.<\/p>\n

\u201cWe have invested heavily in technology to bring our services closer to members. Through our mobile platforms, members can now access their pension statements, apply for benefits and receive timely updates from the comfort of their homes or offices,\u201d Rono explained.<\/p>\n

He said the shift to digital platforms aligns with global trends in financial services and reflects CPF\u2019s commitment to innovation and customer centric service delivery.<\/p>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

By Tony Wafula The County Pension Fund (CPF) has posted impressive growth and strong returns for its members despite a challenging economic environment, Deputy Chief Executive Officer Joseph Rono announced during the Fund’s Annual General Meeting (AGM) held in Bungoma County. Rono revealed that CPF declared an 11.4 % return for County Pension members, while […]<\/p>\n","protected":false},"author":4,"featured_media":6928,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-6929","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business"],"yoast_head":"\nCPF Records An Impressive Growth As Deputy CEO Rono Urges Counties To Honour Remittances - Horizon News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/horizonnews.co.ke\/?p=6929\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CPF Records An Impressive Growth As Deputy CEO Rono Urges Counties To Honour Remittances - Horizon News\" \/>\n<meta property=\"og:description\" content=\"By Tony Wafula The County Pension Fund (CPF) has posted impressive growth and strong returns for its members despite a challenging economic environment, Deputy Chief Executive Officer Joseph Rono announced during the Fund’s Annual General Meeting (AGM) held in Bungoma County. 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