Siaya County Empowers New Staff with Financial Literacy Training in Partnership with CIC Group and CPF
The County Government of Siaya, through its Directorate of Human Resource Management, in collaboration with CIC Group Insurance and the County Pension Fund (CPF), conducted a training session today for newly recruited staff in the Department of Governance, Administration, and ICT.
The training aimed to equip new employees with essential knowledge on financial planning, investment, and retirement benefits. Topics covered included, payslip management, investment options, education policies, money market funds, and other investment opportunities.
Mr. Vincent Oduor, Agency Manager for Nyanza and Western Region, delivered a comprehensive presentation on the CIC scheme, highlighting its tailored retirement, investment, and educational plans to secure employees’ financial futures. “CIC’s income drawdown option allows members to access retirement benefits as regular income through a managed investment fund,” Oduor explained. He also discussed the educational scheme, which supports staff in funding their children’s education, promoting long-term family stability.
Madam Winnie Abonyo, CPF Siaya County Coordinator, outlined the benefits of joining CPF pension schemes, noting their alignment with national pension frameworks and commitment to timely, efficient payments for a dignified post-service life. She emphasized that CPF’s prudent investment strategies maximize returns while safeguarding members’ savings.
According to Madam Susan Raba, Director of Human Resource Management, the training was designed to help new staff understand the organizational structure, policies, and regulations to perform their duties effectively. She highlighted that the induction process fosters an understanding of national values, governance principles, and integrity during service.
“Many newly hired employees enter public service with limited knowledge of personal finance management due to minimal coverage in school curricula,” Madam Raba noted. “It is the employer’s responsibility to ensure new staff learn to manage their finances effectively,” she added.
The Director also announced plans to extend this training to new staff across the remaining nine departments adding that such trainings will always be conducted from time to time to all staffs.
The event was graced by Hon. Walter Okelo, Chief Officer for Governance, Administration, and ICT, who commended the HR team for coordinating with CIC Group and CPF. He emphasized the training’s role in fostering financial progression and professional growth, urging new staff to remain diligent and seize the opportunities provided by these schemes.
Also in attendance were Mr. George Okello, Director of Governance, and key staff from the Directorate of Human Resources.
