LAPFund is a Defined Contribution (DC) retirement benefits scheme for employees of county governments, water companies and other county government associated organizations in Kenya. Having been established in 1960, LAPFund is one of the oldest retirement benefits schemes in Kenya.
It has a membership of over 45,000 drawn from all members of all counties and water companies in the country, and is still growing. The current fund value is over 31 billion kenya shillings. It has investments including government securities, equities, property and cash deposits.
The Fund provides a range of benefits including pension, emigration benefits, funeral grants, group life assurance, invalidity benefits, pension backed mortgage, survivors benefits and withdrawal benefits, all administered using FundMaster Xi.