Egerton University Retirement Benefits Scheme was started in 1966 then known as Egerton Agricultural College Retirement Benefits Scheme inaugurated on 23rd October 1967.

The first trust deed was signed on 21st December 1979. The scheme was then in 1987 renamed to Egerton University Retirement Benefits Scheme (EURBS).

The Trustees noted that there was need to give consideration to investment in properties for the purpose of reducing risk and portfolio diversification. Currently trustees can only invest up to 20% in property assets as per the current investment policy. However there is room for the Fund to invest up to 30% as per the RBA regulations. Trustees have started process of developing 3 acre of land in Nakuru known as the Golden life Mall; the scheme has 20 acres of land in Mavoko and 10 acres of land in Nakuru near Nakuru pipe line. Of the 9.6 billion, about 23.3% (against 30% maximum of RBA) is in properties including Unga house, Mavoko land, Ngorika land and Golden Life Mall 75% (approx. 7 billion) is in equities and securities. All the properties acquired have been transferred to the schemes name and the title deeds are with the fund custodian- Standard Chartered.