David N. Bonyi is a Partner in the firm and heads the Pension Law Division under the Commercial Law Department. He handles a broad range of pension law issues including provision of advice on; pension establishment and licensing, compliance with the Retirement Benefits Act and related legislation, pension governance strategy, investment requirements under the law; drafting pension scheme constitutive documents and service level agreements with pension service providers; litigation of pension disputes; advising on pension mergers, dissolution and liquidation, pension taxation issues, pension law training and pension law reforms; advising pension schemes in reviewing scheme rules and conversions of benefit designs.
Besides Pension law, he has experience in employment law, financial sector regulation, statutory compliance, legal audit and corporate law. He was involved in the establishment of the Retirement Benefits Authority and drafting subsidiary legislation under the Retirement Benefits Act, 1997. He served as the Chief Manager, Supervision and the Board Secretary and Head of Legal Department at the Retirement Benefits Authority for over a decade. He was among the initial legal team that was involved in the drafting of a bill to merge the financial sector regulatory authorities in Kenya.
Over the years, he has been engaged the IMF and World Bank to countries within the East African region. First in 2004, he was involved in an FSAP exercise in Uganda where, as World Bank Consultant, he advised on the pension legal reforms. In 2009 he provided technical assistance to the Bank of Tanzania regarding its role under the Social Security (Regulatory Authority) Act, 2008 in pension supervision in Tanzania. In 2011-2012, he was in Rwanda to write the regulations to the new Pension law. He was the first CEO of the Retirement Benefits Regulatory Authority of Uganda (UBRA), an organization he helped set up from February 2015 to March 2018. From May to July 2018 he was engaged by the Government of Gambia in drafting a new Pensions Act to replace the Pensions Act of 1950.
David is an Advocate of the High Court of Kenya, a Notary Public and Commissioner for Oaths. He holds a Master of Laws (LLM) Degree (International Trade and Investments Law) and Bachelor of Laws Degree from the University of Nairobi and a Post-graduate Diploma in Law from the Kenya School of Law. He is also a Certified Secretary (CS) and a qualified trainer in Corporate Governance.