Pension law governs the creation, operation, and management of retirement benefit plans to ensure financial security for retirees and disabled individuals. It covers:
1. Plan Design and Documentation: Regulations on plan types, required benefits, and amendment procedures.
2. Fiduciary Duties: Standards for fiduciaries managing plans and remedies for breaches.
3. Funding and Taxation: Rules on contributions, tax treatment, and limits.
4. Plan Administration: Legal requirements for benefit distribution, participant communication, and handling claims.
At Brian Otieno & Company Advocates, we advise and represent pension schemes in litigation, ensuring compliance with the Retirement Benefits Act. We successfully challenged the constitutionality of the County Governments Retirement Scheme Act, 2019.