Entry Instance

HTTP 200 OK
Allow: GET, PUT, PATCH, DELETE, HEAD, OPTIONS
Content-Type: application/json
Vary: Accept

{
    "id": 1000971,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1000971/?format=api",
    "text_counter": 204,
    "type": "speech",
    "speaker_name": "Amb. Ukur Yatani",
    "speaker_title": "The Cabinet Secretary, National Treasury and Planning",
    "speaker": null,
    "content": "Hon. Speaker, further, the Government is working on establishing a National Micro-Pension Scheme with a sustainable model that combines long-term saving with short-term needs that will be open to all marginalised informal sector workers who constitute over 80 per cent of Kenya’s labour force. The Retirement Benefits Authority (RBA) Act does not provide for sanctions in case of a failure or delay in submission of the actuarial valuation reports within the specified period. In this regard, I propose to amend the RBA Act to impose a penalty to pension schemes who fail to submit actuarial valuation reports to the Authority within the specified timeline. The actuarial valuation reports are important in determining the performance of the scheme."
}