Welcome to MURBS

Maseno University Retirement Benefits Scheme (MURBS) is a pension plan for employees of Maseno University and Tom Mboya University (TMU). Established as a defined contribution scheme with 1,320 members and AUM of KES 4.6 billion at the end of 2023, MURBS is approved by the Kenya Revenue Authority as exempt under the Income Tax Act (Cap 470) and fully compliant with the Retirement Benefits Act.

Since our establishment in 1990 as a "defined benefits plan", we have evolved through various stages. In 2004, the Scheme converted into a "hybrid scheme" - a defined contribution plan with a defined benefit underpin. In 2015, the Scheme was converted to a "fully defined" contribution scheme.

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Retirement Benefits Act Compliance

Our Vision

"Strive to provide excellent retirement benefits to members"

Our Mission

"To provide outstanding reputable benefits to members through maximization of returns, prudent management of risks and enhanced member communication."

University Pension Scheme

Securing your future through smart investments today

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SCHEME AT A GLANCE

Each month a member contributes a percentage of his pensionable salary into the scheme. Over the period until retirement (or until he leaves the scheme if earlier) the contributions along with the contributions paid by the university on a members behalf, are invested in the member account.

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BECOME A MEMBER

To become a member of the scheme, one has to be confirmed as a permanent full-time employee of the university, and be formally admitted to membership by completing an Application for Membership Form. Every Eligible Employee is required to become a Member of the scheme as a condition of employment.

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ANNOUNCEMENTS

Members' Portal

We wish to inform members of the Scheme that they can access the online member portal to check member contributions statement by clicking Member Portal.

Members who experience challenge while accessing the portal can reach the secretariat during working hours via phone number 0701 095900 and 0734 788888 or by emailing info@masenorbs.or.ke.

What We Offer

Defined Contributions Scheme

A modern retirement savings plan where benefits are based on contributions and investment returns.

Trust Fund Scheme

Professional management of funds through a trust structure ensuring security and growth of investments.

Post-Retirement Medical Scheme

Comprehensive medical coverage for members after retirement, ensuring healthcare security.

NSSF Tier II Contribution Scheme

Additional retirement benefits through NSSF Tier II contributions for enhanced security.

Scheme Portals

Member Portal

View contribution history

Track contributions

View benefit statements

Staff Portal

Schedule leave

Leave Application

Generate reports

Trustee Portal

Investment performance

Access board documents

Monitor compliance

Trust-fund Beneficiary Portal

View benefit entitlements

Track payment status

Update your information

Considering Early Retirement?

Schedule a consultation with our retirement specialists to understand the financial implications and benefits of early retirement.

Book Consultation

LATEST NEWS & EVENTS

Strategic Plan for the Scheme - 2022-2027

The Scheme has embarked on a transformative journey with the launch of its five-year Strategic Plan (2022-2027). This roadmap is designed to strengthen financial …

Events

Posted by Admin on: March 25, 2025

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