The Moi University Pension Scheme (MUPS) was established on 1st July 1991 to provide retirement benefits to employees of Moi University. Initially designed as a Defined Benefit (DB) Scheme, the structure guaranteed fixed benefits regardless of investment performance. This model helped attract and retain qualified university staff.
However, due to rising costs and financial limitations, the scheme transitioned to a Defined Contribution (DC) model with a hybrid underpin. This new structure became effective on 1st January 2005, with contribution rates set at 15% by the employer and 7% by the employee, allowing the scheme to remain sustainable while continuing to provide competitive pension benefits.
Daima Towers: Eldoret’s Tallest Building
The Moi University Pension Scheme complex, commonly known as Daima Towers, stands as the tallest building in Eldoret and the entire Western Kenya region. This architectural landmark rises 26 storeys high and is currently one of the most iconic developments in the North Rift.
Key Features of Daima Towers:
- Three basement parking levels with a total capacity of 200 vehicles
- Two podium parking levels, each accommodating 178 vehicles
- Shops and offices located on the mezzanine levels
- Restaurants, offices, health club, and a rooftop swimming pool on the 24th floor
- Ultra-modern facilities ideal for both commercial and leisure purposes
Daima Towers not only redefines the Eldoret skyline but also showcases the progressive investment strategies of the Moi University Pension Scheme. It is second only to Nairobi’s skyscrapers in terms of height and sophistication.
Contact Information
Location:
Waiganjo Street,
Next to Eldoret Daima Towers
P.O. BOX: 2259-30100, Eldoret, Kenya
Phone Numbers:
Tel.: +254 53 20262033, 2061996, 2062806
Mobile: +254 707 199 100
Email: [email protected]
