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dc.contributor.authorWaswa, Faustine Nangila
dc.date.accessioned2017-09-01T08:46:52Z
dc.date.available2017-09-01T08:46:52Z
dc.date.issued2017
dc.identifier.urihttp://hdl.handle.net/11071/5366
dc.descriptionA Research project submitted in partial fulfillment of the requirements for the degree of Bachelor of Business Science in Actuarial Science at Strathmore Universityen_US
dc.description.abstractRetirement income adequacy con be measured indifferent ways. One is by conducting a qualitative research where the researcher collects data in the form of opinions from retirees on the adequacy of the income they receive. Another is a qualitative research where adequacy of retirement income is measured by comparing a retirees’ income before and after retirement. The first goal of the resent United Nations Sustainable Development Goals is to eradicate poverty. This is a very important goal and this study conducted below tries to measure retirement income adequacy which is a way of reducing poverty in retirement in Kenya. This study works towards measuring retirement income adequacy using quantitative methods and quantitative data and it concentrates on the middle income earners. The data collected has 462 data points which shows an individuals’ income before retirement, income after retirement and any other retirement savings an individual made. Adequacy is measured by calculating the income replacement rates. Using the data from two main pension administrators in Kenya, the study found out that the average replacement rate for Kenyan middle income earners is 43%. This means that after retirement, an individual will receive 40% of what they were receiving as income before they retired.en_US
dc.language.isoenen_US
dc.publisherStrathmore Universityen_US
dc.subjectRetirement incomeen_US
dc.subjectAdequacyen_US
dc.subjectPovertyen_US
dc.subjectPensionen_US
dc.titleRetirement income adequacy in Kenyaen_US
dc.typeProjecten_US


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