MMUST Partners With Equity Bank to Conduct Comprehensive Retirement Preparedness Training for Senior Staff
Masinde Muliro University of Science and Technology (MMUST), in collaboration with Equity Bank, on 26th May 2025, conducted a comprehensive retirement preparedness training aimed at equipping its senior staff with essential skills and knowledge for life after employment. The one-day training organized by the MMUST Staff Retirement Benefits Scheme, targeted staff who are 59 years and above. It was aimed at equipping them with critical skills and knowledge to ensure a smooth and secure transition into retirement by addressing the key aspects of financial management, health care, and emotional well-being.
The Vice Chancellor Prof. Solomon Shibairo addresses participants during the training.
Speaking at the training, the Vice Chancellor Prof. Solomon Shibairo emphasized the importance of preparing employees for a dignified and stable post-retirement life. “Retirement is a key life milestone, and as a University, we are committed to ensuring that our staff are well-prepared to embrace the future with confidence,” said Prof. Shibairo.
Commenting on the significance of the training, the Ag. Deputy Vice Chancellor (Planning, Research and Innovation), Prof. Peter Bukhala commended Equity Bank for their invaluable support and collaboration saying that their expertise in financial education and retirement planning has greatly impacted the participants. “Equity Bank has been a true partner of MMUST for a long time. Through this partnership, Equity Bank has gone beyond its role as a financial institution to becoming a development partner. By bringing your expertise, resources, and experienced facilitators to this training, you have indeed secured the future of our staff,” added Prof. Bukhala.
The Ag. Deputy Vice Chancellor (Planning, Research and Innovation), Prof. Peter Bukhala speaks at the workshop.
One of the facilitators Ms. Mary Githu from Equity Bank encouraged the participants to consider wife investments during their retirement. She advised them to think beyond savings and pensions, highlighting strategies such as diversification of investments and planning for long-term care and legacy. “Growth is possible even after retirement, and with proper management, you can live a comfortable, secure, and empowered life,” she added. The team from Equity Bank was led by the Regional Manager Mr. Cleophas Wanjala. The other members of the team included Mr. Robin Oyugi, Mr. Mark Aringo and Mr. Mathew Wadida.
A section of the team from Equity Bank.
Equity Bank provided expert facilitators to guide the attendees through practical topics including pension planning, investment options, budgeting, healthcare management and investment options during retirement. The bank also hosted personalized financial advisory sessions to help participants tailor retirement plans to their individual needs.
Attesting to the impact of the training, one of the participants, Prof. Aggrey M. Simiyu lauded the initiative saying that it is a timely reminder for them that retirement is not something to fear, but a transition to prepare for with purpose. “As I prepare to retire, I leave with a heart full of gratitude and pride. I am proud to have served this great institution, and I am grateful for the care and thoughtfulness that is being shown to those of us who are about to enter a new season of life. It means a lot to realize that we have MMUST and Equity Bank is walking with us on this journey. To my fellow colleagues nearing retirement, let us embrace this transition not as an end, but as a new beginning,” said Prof. Simiyu.
Prof. Aggrey M. Simiyu makes his remarks during the training.
The Trustees present included; Prof. Joseph Nasongo and Prof. George Lawi, while the Secretariat were Mr. Bernard Wesonga and Ms. Celestine Mmasi.
The retirement training marks a significant step in preparing MMUST’s senior staff for the next phase of their lives. By equipping them with financial skills and practical knowledge, MMUST is setting a precedent in supporting its workforce beyond active service.
By Linet Owuor
Photos by Shiundu Masafu
