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Who We Are

The Full Gospel Churches of Kenya Staff Retirement Benefit Scheme (FGCK SRBS) was established in 1986 to ensure the well-being of its staff during their retirement years. Our mission is "To offer a comfortable life to the retirees." We are committed to long-term, visionary, and prudent management, guided by a strategic plan and operational policies.

  • Vision
  • Mission
  • Goal
  • Core Values

To ensure the financial security of FGCK-SRBS retirees and their beneficiaries, fostering robust financial well-being and security throughout their retirement years.

To establish a sustainable and reliable pension scheme, empowering and supporting SRBS retirees on their journey to achieve a secure and fulfilling retirement through prudent investments.

To guarantee the long-term financial stability and security of retirees and their dependents by providing comprehensive financial protection through a well-structured pension scheme.

• Accountability and Transparency: Commitment to accountability and transparency in all scheme activities.
• Integrity: Dedication to upholding high moral and spiritual values, guided by honesty and ethical principles.
• Respect: Ensuring equal treatment for all members, fostering an environment of value and respect.
• Innovation: Striving for growth and excellence through the pursuit of creative ideas and innovative solutions within the pension scheme.

The Clarion Call

To provide a comfortable life for retirees
Key Features

Provision of Retirement Income

The scheme provides a pension or income drawdown for members upon retirement, or relief for dependents of deceased members, as per the scheme's rules

Regulation and Compliance

We adhere to the regulations of the Retirement Benefits Authority (RBA), the Kenyan government's regulatory body for retirement benefit schemes.

Contributions

Members contribute 5% of their basic salary from the date of joining the scheme. While the employer tops up the similar % percentage of 5% of basic salary. The employee is at liberty to contribute any other additional voluntary contributions

Nomination of Beneficiaries

Members should declare in the application form for their nominated next of kin at the date of joining the scheme. Or thereafter to ensure the smooth apportionment of benefits in case of death or mental in capitation

Voluntary Contributions

Members can make additional contributions to supplement their benefits and update their nominations as needed.

Employer Contributions

Employer contributions to this schemes is normally 5% of employee basic salary

Our benefits

The benefits of the Fund are comprehensive and include:
a. When you retire
• A cash lumpsum when you retire
• An option of income draw down or annuity on retirement
b. If you die while you are employed by the church
• Lump sum payment to your beneficiary (ies)
• Retirement benefits for your spouse and dependents bought using your Member Account if opted for annuity or income drawdown
c. If you leave before you retire
A deferred retirement benefit payable from when you reach Normal Retirement Age; or
A transfer to another approved retirement benefits arrangement; or
A return of 50% of Accrued Benefits
The balance 50% of Accrued Benefits are preserved in the Fund but may be transferred to your new employer’s Provident Fund, to a preservation Fund or to an individual personal retirement benefits plan.
d. PRMF- Post Retirement Medical Fund
• A member is eligible to apply for a PRMF during the retirement years
e. Death Benefits
What benefits are payable should I die before retirement?
• If you die before your Normal Retirement Age as a contributing member, the following benefits are payable to your beneficiaries:
• A lump sum equal of your own contributions and the employer’s contributions together with the interest accrued thereon.
• The Lump Sum will be paid for the benefit of your dependents as set out in the Nomination of Beneficiary Form.
• Benefits payable on death and which are insured are subject to any terms and conditions that may be imposed by the insurance company from time to time.
f. Other Benefits
1. Can I buy a residential house using my retirement benefits savings?
Yes. You are allowed to purchase residential houses using 40% of your retirement benefits to a maximum of 7 Million.
2.Can I buy a house in the rural areas?
Yes. You can purchase a residential house in the rural areas provided it is certified for occupation before purchase.
3.Can I use the benefits to top up my mortgage loan?
No. You are not allowed to use the funds for a mortgage top up.

Retirement Options

Early retirement is at the age of 50 years , while normal retirement is 60 years and late retirement for ( Clergy is 70 years ) A member can be able to access his retirement benefits upon reaching the retirement age,
Upon retirement members can receive the lump sum amount or 1/3 (third ) of the savings if the accumulated benefits is above 1,2 million the requisites minimum for annuity.
Annuity
1. Single Life annuity - Is for single parents
2. Joint Life annuity - for couples
For joint life annuity a member can opt 100% reversionary or 50% reversionary.
In 100% reversionary upon the death of a member, the surviving spouse gets full benefit on monthly basis till death.
While 50 % reversionary the serving spouse benefits with 50% of what the member was getting per month.
Example
A member who retires having saved 1.2 Million he/ she is entitled to get monthly income of Kshs. 10,820 till he passes on and the serving spouse will continue enjoying the same amount until he/she passes on but in 50% reversionary the serving spouse will get 5,410 monthly after the death of the member.
Guaranteed period
When buying annuity, The member is advised to choose a guaranteed period which is between 5 years and 20 years. Where –by, if death occurs to both spouses, before the expiry of the guaranteed period, the nominated next of kin is paid a lump-sum of the remaining benefits after deducting withholding taxes.
Income Draw down
A retiree who have savings above 1.2 million can opt to buy an income drawdown of between 1 year and 10 years. The challenge with income draw down is money keeps reducing every other month up to the guaranteed period. In case death occurs before the expiry of this period, the nominated next of king is payed the balance in lump sum.

Membership Requirements

An employee of FGCK may be able to join the scheme online by following the simple steps.
1. Write an email to the office email: fgck.srbs7@gmail.com
2. Pay form fee ksh 200 through the recommended equity or Co-op playbills
Upon payment you will be sent an application form from the office to your email where by you are supposed to download fill and sign
The completed and signed form should be scanned together with following personal documents indicated below
1. I'd copy for applicant
2. kra pin certificate for applicant
3. I'd copy for next of kin
Send the completed form together with its attached documents to the pension office email fgck.srbs7@gmail.com
Then you are supposed to send a membership fee of ksh. 500.
The office will send you confirmation email and advise you how to start making monthly contributions

Withdrawal Requirements

1. letter claiming the due in the letter include bank detail i.e Account name Account number Name of the bank Branch of the bank Note it should not be a joint account or a Sacco.
2. Copy of I'd
3. Copy of kra pin certificate (i-tax)
4. Copy of ATM or bank card
5. In case of death copy of death certificate
6. Letter from beneficial claiming the dues
7. Kra pin certificate for beneficiary (i-tax)
8. Copy of I'd for beneficiary
9. Copy of bank card or ATM for beneficiary