ALL YOU NEED TO KNOW ABOUT LAPTRUST

Local Authorities Pensions Trust (LAPTRUST) has a history of more than 90 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

Inception

Kenya local Government Officers Superannuation Fund begun its operations in 1929 as a pension scheme for employees of the then Local Government Authorities.

1929

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.

1963

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.

1993

KLGOSF changed to LAPTRUST

Kenya Local Government Officers Superannuation Fund dropped in favor of the more dynamic, Local Authorities Pension Trust, LAPTRUST.

2005

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.

2012

Vision & Mission

Vision
“To improve the quality of lives of members”

Mission
“To provide innovative retirement benefits that enhance the socio-economic welfare of all the contributors and beneficiaries”.

Core Values

The scheme is guided by five critical Core Values namely: Team spirit, Innovativeness, Professionalism, Integrity and Customer focus.

LAPTRUST DEFINED BENEFITS SCHEME

Advantages

  1. Benefits are tax-exempt up to the set limit
  2. Trivial Pension - Pensioners earning less than 5, 000 may choose to be paid a one-off lump sum.
  3. Benefits are paid till death of principal member
  4. In case of death, next of kin is paid 50% of members' gross pension
  5. The surviving spouse is paid for a period not exceeding 21 years
  6. NHIF membership continuation for Pensioners

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.

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CHAIRPERSON

Winfred Syombua

Winfred Mbai Syombua is an accomplished Strategic Manager with over 8 years’ experience in senior management level. She is the current Managing Director of Machakos Water and Sewerage Company and serves as an Executive Director of the Water Services Providers Association (WASPA).

Winfred holds an MBA in Strategic Management and Leadership from St. Paul’s University, a Bachelor of Science Degree in Medical Laboratory Science from Kenyatta University and a Diploma in Business Management from Kenya Institute of Management.  She is a member of the Institute of Directors- Kenya and the Kenya Institute of Management (KIM).

Ms. Syombua represents Water Companies and associated organization on the LAPTRUST Board of Trustees and brings a wealth of experience in Strategic Performance Management, Corporate Governance and Leadership, Change Management, Strategic Management, Strategy formulation and Implementation.

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TRUSTEE

H.E Mutahi Kahiga - Governor, County Government of Nyeri

H.E. Mutahi Kahiga was born in Nyeri County in 1960. The fourth governor of Nyeri county is an alumni of Kiganjo Primary School and St. Mary's Boys High School; both in Nyeri County. He is a holder of Bachelor’s degree from the University of Nairobi and a Master’s degree in Education Leadership & Management from the Kenya Methodist University. He is currently undertaking Ph.D. in Leadership and Management of Education from Kenya Methodist University (KEMU). He is also serving as the Vice Chairperson of the Agriculture, Livestock and Cooperative Committee at the Council of Governors (CoG).

He holds a Pl Certificate from Kisii Teachers Training College and a Diploma in Cooperative studies from Negiv Institute & University, Beershiva in Israel.

The governor has had a long teaching career in public schools for an aggregate period of 31 years; 18 years of which, he served as a headmaster. He has also served as the Secretary to the Supervisory Committee of New Fortis Sacco, Chairman of the Nyeri Teachers plaza, Housing Cooperative Society for 11 years, Nyeri KNUT Secretary for 7 years and the Central Regional Secretary General of Athletics Kenya for 10 years.

In 2017, he was elected as the Deputy Governor of Nyeri on a joint ticket with the late Dr. Wahome Gakuru. Upon death of Dr. Gakuru, H.E. Mutahi Kahiga took over as the Governor of Nyeri County on the 13th November, 2017.

Under his stewardship, Nyeri County has experienced exponential growth in all sectors.

He is currently serving in his second and final term as the Governor of the County Government of Nyeri.

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TRUSTEE

Matilda Kimetto

Matilda Kimetto is a trade union leader and a strong defender of Labour rights. She currently serves as the Deputy Secretary General of Kenya County Government Workers Union, previously having served as the National Organizing Secretary. She is an employee of Nairobi City Water and Sewerage Co. Ltd, Human Resource and Administration Directorate.

She holds a B.A in Business Administration from the Kenya Methodist University and the School of Credit Management; where she earned a professional level certificate in Credit Management.
Matilda represents the Workers in the Laptrust Board of Trustees.

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TRUSTEE

Ms. CPA Jacinta Tre'sa Ismail

CPA Jacinta Tre’sa Ismail is a highly experienced finance professional with a robust background in economic planning, fiscal management, and financial administration. Currently, she serves as the Chief Officer of Finance and Economic Planning, where she oversees administrative functions, coordinates economic and fiscal planning, and advises departments on relevant issues. Her role involves monitoring and evaluating projects and programs, collaborating with county departments and stakeholders, and aligning national goals with county objectives. She has previously served as Principal Accountant for Kilifi and Malindi Municipalities, where she established financial structures and achieved semi-autonomous status, and as Principal Accountant of the Health Services Department, where she initiated the Health Services Improvement Fund and implemented Mpesa fee collection.

Jacinta's career spans over three decades, including significant roles such as Fund Administrator for the Kilifi County Ward Scholarship Fund, Acting Head of Treasury Accounting, and County Receiver of Revenue. She has worked extensively with local authorities, contributing to audit, revenue management, and financial reforms. She has led projects like the EU co-funded poverty reduction initiative and participated in local government reforms. Known for her strategic planning, team leadership, and financial management skills, Jacinta is highly self-motivated and committed to positive implementation and impact, despite being partially visually impaired (NCPWD/P/585164).

 

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PETER MUSA KITESHO 

TRUSTEE

Peter Kitesho is a defender of Workers and Labour rights and holds a Bachelor of Science in Human Resource Management degree from Maasai Mara University. He is currently an employee of the Kajiado County Assembly and previously worked at Central Bank of Kenya.
Besides his professional engagements, Mr. Peter Kitesho has served as the Youth Representative for Kenya County Government Workers Union, Kajiado Branch and is currently serving as the National Youth Representative for the union.
He represents workers in the Laptrust Board of Trustees.

 

 

 

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DAN AWENDO

TRUSTEE

 Dan Awendo is one of the founders and currently the Managing Director of Home Afrika Limited, the only real estate development company listed on the Nairobi Securities Exchange where he’s currently leading a turnaround strategy to transform the company into an efficient, profitable and valuable investment vehicle. Dan is an accounting and finance professional with over 28 years of post-qualification experience in audit, accounting, management consultancy, corporate finance advisory and entrepreneurship. He is a Certified Public Accountant, a Financial Analyst and a graduate of the Advanced Management Program (AMP) from Strathmore Business School and the IESE Business School of Spain.
Dan is also the founder and immediate former Chief Executive of Investeq Capital, a company that focused on the unique environment of financing Small & Medium sized business in East Africa. Assignment engagements with the International Finance Corporation (IFC), the private sector arm of the World Bank, gave him an opportunity to travel across the continent consulting and training bankers at over 50 commercial banks on SME finance and structured trade finance.
Investeq’s principal business is the provision of innovative short-term trade and other related working capital facilities as an alternative to traditional banking and capital market solutions to meet the growth needs of SME entrepreneurs in Kenya and Uganda. Before founding Investeq Capital, Dan was the General Manager for Loita Capital Partners and Loita Asset Management and was responsible for the group’s East African Corporate Finance business.

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Ps. Teresia Mbaika, CBS
Principal Secretary State Department for Devolution

TRUSTEE

Mrs.Teresia Mbaika, CBS is the Principal Secretary State Department for Devolution, Office of the Deputy President. PS Mbaika holds a Master of Science Degree in Health Economics and Policy from the University of Nairobi and a Bachelor of Science Degree in Environmental Health from Kenyatta University. She has attended various trainings and conferences spanning the Energy Sector, Leadership and Corporate Governance fields among others. She joined the State Department with over 10 years’ experience in Corporate Governance, Resource Mobilization, Strategic Management, Leadership and Public Finance Management. Prior to this appointment, PS Mbaika served a six (6) year term as a Board Member at the Nuclear Power and Energy Agency (NuPEA) where she served in various capacities as the Chairperson, Technical Committee; Chairperson, Audit Committee; Chairperson,Human Resource Committee and Member of the Publicity & Advocacy Committee.

The PS also served as a Board Member of the National Environmental Management Authority (NEMA) for a three (3) year term where She held various undertakings as the Chair of the Technical, Finance and Administration Committees and as a Member of the Audit Committee. PS Mbaika has also served as the Secretary to the National Government Constituency Development Fund Board (NG-CDF), Kaiti Constituency from 2013-2017, where She oversaw the financial management and corporate governance of the Fund. She launched her career in community service where she served as a Woman Leader pioneering various community projects as well as coaching and mentoring the youth. Youth mentor-ship and coaching is a passion that is very close to her heart and she is still actively involved in, as the Patron Kaiti University Students’ Association, Trustee, Kaiti Constituency Development Forum and Trustee, Kaiti Greening Champions.

 

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Hon Philip Kipng'etich Muingei
Speaker, Uasin Gishu County Assembly

TRUSTEE

Hon. Philip Muingei is a seasoned financial management professional with over a decade of experience in public finance and accounting. Since 2013, he has significantly contributed to financial integrity and accountability within public sector organizations. His expertise spans cash book postings, expenditure monitoring, bank reconciliations, and financial reporting, ensuring compliance with the Public Finance Management Act and GAAP guidelines. Hon. Muingei is adept at maintaining accurate records, monitoring budget variances, and preparing detailed monthly reports, which provide a transparent view of the organization's financial health. His role also includes managing creditors, examining payment vouchers, and working closely with banks to handle transactions efficiently.

In addition to his technical skills, Hon. Muingei is known for his commitment to ethical practices and safeguarding the organization's assets. He holds a Master’s degree in MBA Finance and Financial Management from The Catholic University of Eastern Africa and a Bachelor’s degree in Business Management Accounting from Masinde Muliro University. Hon. Muingei's proficiency in IFMIS and other accounting systems, combined with his strong analytical skills and integrity, make him a trusted and reliable figure in the field of financial management. His work in facilitating annual audits and preparing budget adjustments highlights his thorough understanding of public finance management and his dedication to ensuring fiscal responsibility and transparency.

 

 
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TASLIM WASON

CO-OPTED TRUSTEE

Ms. Wason holds a Bachelors degree in Business Administration (Accounting and Finance Option) from the Kenya Methodist University. She joined NCPD in 2010 after acquiring several years of experience in conducting
audits both in public and private institutions. Ms. Wason is a Certified Public Accountant (CPAK) and a member of Institute of Certified Public Accountants of Kenya (ICPAK). Her training in internal audit was acquired from the Institute of Internal Auditors. She is also a Certified Systems Auditor (CISA, 2010).

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Dr. HOSEA KILI, OGW

Group Managing Director/GMD/CEO

An advocate of the High Court of Kenya, Mr. Hosea Kili is the Group Managing Director/CEO of CPF Financial Services and a Trustee of the Local Authorities Pension Trust. He holds a Master of Business Administration from the Management College of South Africa. He is a Fellow
Member of the Institute of Certified Public Secretaries of Kenya (ICPSK); a Fellow and Council Member of Kenya Institute of Management (KIM); an active member of the Law Society of Kenya (LSK) and a Member of the Chartered Institute of Arbitrators (Kenya Branch).
He also serves as a Council member of the East and Central Africa Social Security Association (ECASSA) and a Non-Executive Director at the Nairobi Securities Exchange (NSE). He is currently the Chairman of the Association of Pensions Administrators of Kenya (APAK). A Visionary leader, Mr. Kili was awarded the Presidential Order of Grand Warrior of Kenya in December 2011 and the 2nd Runners up CEO of the Year at the COYA Awards 2012.
He was also recognized as the Personality of the Year at the 2017 Pension Awards sought to award excellence in innovation and service provision to improve the outcomes of both pension funds as well as members. Mr. Kili was also recognized as the 2 nd  Runners up in the ‘CEO of the Year’ category during the 2017 Champions of Governance Awards.

Office Address

Local Authorities Pension Trust

1st Floor, CPF House, Along Haile Selassie Avenue

Tel: +254 111 114000

Email: info@cpf.or.ke

P.O. Box 28938-00200, Nairobi

Open Hours

Monday to Friday: 8-00am to 5-00pm

Weekends and Public Holidays: Closed

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