ALL YOU NEED TO KNOW ABOUT LAPTRUST
Local Authorities Pensions Trust (LAPTRUST) has a history of more than 85 years, when it was established as a pension scheme for employees of the then Local Government Authorities. The basic objectives for Laptrust DB Scheme are to enhance returns while maintaining membership and ensuring a healthy funding level to ensure sustainability
Kenya local Government Officers Superannuation Fund begun its operations in 1929 as a pension scheme for employees of the then Local Government Authorities.
Scheme opened to all local authorities senior officers
Through Legal Notice No. 313 of 1963, new rules and regulations for the scheme were enacted, enabling all senior officers of Local Authorities to join the scheme, regardless of race, color or creed, as was previously the case.
Scheme Opened to All Employees of Local Authorities
Through amendments in 1993 to the KLGOSF Rules of 1963 , the scheme opened its doors to all cadre of employees of Local Authorities, whether salaries or non-salaried.
KLGOSF changed to LAPTRUST
Kenya Local Government Officers Superannuation Fund dropped in favor of the more dynamic, Local Authorities Pension Trust, LAPTRUST.
Lap trust closed its DB scheme to new members
The Laptrust DB Scheme closed its doors to new members in 2012 and in a new Defined Contribution Scheme, Laptrust (Umbrella) Retirement Fund, was registered to meet the retirement needs of new employees within the then Local Authorities of Kenya.
Vision & Mission
“To improve the quality of lives of members”
“To provide innovative retirement benefits that enhance the socio-economic welfare of all the contributors and beneficiaries”.
MEET OUR TRUSTEES
The Board of Trustees is the Trust’s governing body and is responsible for the corporate governance of the Trust. Under the Law of Trusts, the Trustees are the legal owners of the Assets of the Scheme on behalf of the members and other beneficiaries.
Mr. Nyachoti is an Advocate of the High Court of Kenya and currently the Chairperson of the Board of Trustees. He has previously held the positions of Board Secretary and Senior Legal Counsel at the Retirements Benefits Authority and the position of Corporation Secretary & Head of Legal Services Department at Kenyatta National Hospital. He holds a Masters degree in Business Administration from Daystar University and a Master of Law degree from the University of Nottigham in UK. He is a certified public secretary and holds qualifications in leadership and team skills, strategic leadership development as well as corporate governance. Calvin joined the Board in August 2015 as an independent member of the Board nominated by the Law Society of Kenya..
Mr. Ngari is an accountant with more than 9 years of working experience in revenue related areas at the Nairobi City County. He currently holds the position of Senior Procurement Officer at the Nairobi City County. Festus is a holder of CPA (K) and CPS (Part 3) and is currently pursuing a Bachelors degree in Commerce (Finance Option) from Jomo Kenyatta University of Agriculture and Technology. Mr. Ngari joined the Board in August 2015 where he represents the Kenya County Government Workers Union.
Managing Director, CPf
Hosea Kili, OGW
Mr. Kili, an advocate of the High Court of Kenya is the Group Managing Director of CPF Financial Services Ltd. He holds a Master of Business Administration from the Management College of South Africa. He is a Fellow and Member of the Institute of Certified Public Secretaries of Kenya (ICPSK) and a Member of Kenya Institute of Management (KIM). He is also an active member of the Law Society of Kenya (LSK). He is a Council Member of ECASSA and sits on several Boards including the Institutional Consultants Ltd (ICL) and Nairobi Securities Exchange Ltd (NSE). Mr. Kili was awarded the Presidential Order of Grand Warrior of Kenya in December 2011 and the 1st and 2nd Runners-up CEO of the Year at the COYA Awards 2013 and 2012 respectively.
Daniel Ole Tome
Mr. Ole Tome is the chairman of the Kenya County Government Workers Union (Narok Branch) and the Assistant National General Secretary Kenya County Government Workers Union. He is also the Community Development Officer, Narok County. He is currently a third year student pursuing a Bachelor of Science degree in public administration and leadership from Jomo Kenyatta University of Agriculture and Technology. He holds a diploma in County Governance from the aforementioned University. Mr. Tome joined the Board in March 2015 where he represents the Kenya County Government Workers Union.
Ms. Mabruki is the Principal Secretary in the Ministry of Devolution and Planning. Prior to her appointment, Ms. Mabruki was the Principal Secretary, East African Affairs; a position she held since July, 2013. She holds a Masters and Bachelors degree in Economics from the University of Nairobi. She has also attended several professional and senior management workshops, seminars and courses locally and abroad.
Leonard Owino Otina
Mr. Otina is a former Manager of Ngethu Water Works (Nairobi City Water and Sewerage Co. Limited) prior to which he was the Chief Superintendent in the same institution. He holds a post-Graduate Diploma in water engineering from Loghborough University and a Bachelor of Science from the University of Nairobi. He has also attended several short courses on quality assurance, resource management and pollution control. Mr. Otina joined the Board in August 2015 where he represents pensioners.