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{
    "id": 1024170,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1024170/?format=api",
    "text_counter": 260,
    "type": "speech",
    "speaker_name": "Mavoko, WDM-K",
    "speaker_title": "Hon. Patrick Makau",
    "speaker": {
        "id": 2328,
        "legal_name": "Patrick Makau King'ola",
        "slug": "patrick-makau-kingola"
    },
    "content": "It is very painful for a Member of Parliament to be poor yet, he or she was once a high- ranking person in this country. I want to encourage Members who are not members of PACOSO to join immediately because you do not know about tomorrow, and you should save here. Today, members of the housing SACCO can smile all the way. They have plots which we bought for only Ksh1 million and are now going for Ksh3 million. By the time you leave here, that plot will be about Ksh5 million. Parliament agreed that we have a defined pension. Unless we go the way of Hon. Eseli regarding the pension scheme and I can see Hon. Wanga is here, why are we not thinking of investing this money? The way PACOSO pays you dividends every year and makes even better investments with your shares, we should start thinking. We are investors and I do not see why we should keep hanging on the Kshs.106,000. We can engage the pension scheme to start investing so that contributors can have more money in future. You know the higher the risk the higher the return. We cannot keep hanging here because of that money. Yet, our money is sitting somewhere in the bank."
}