Standard Chartered Bank Kenya has begun the process of verifying details of 629 former employees set to benefit from a multibillion-shilling pension payout, after a Supreme Court ruling earlier this month closed the final avenue of appeal for the bank.
The bank issued a public notice directing all affected pensioners to present themselves at Almary Green Business Park in Nairobi starting Monday, 22 September 2025, to facilitate processing of claims following the Supreme Court’s decision that upheld the Retirement Benefits Appeals Tribunal (RBAT) ruling.This marks the first concrete step toward implementing the RBAT judgment delivered on April 28, 2022, which ordered a KSh 1.1Bn refund to the pension fund and recalculation of benefits for the 629 retirees.These payments will include arrears and interest backdated to 2000 and 2009, with total liability estimated at more than KSh 7Bn.
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On September 8, Standard Chartered said it is committed to meeting the pension obligations. “We have initiated a structured process to execute the judgement in accordance with the legal requirements and are committed to maintaining open communication with affected pensioners,” the bank said.
It also sought to calm market concerns, that it is “adequately capitalised to meet the anticipated obligations.”
The Supreme Court ruling of September 5, 2025, closed the final avenue of appeal for the bank, confirming RBAT’s authority in pension disputes and ending a two-decade legal battle. The verification exercise now clears the path for long-delayed payments to be disbursed.