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{
    "id": 1077254,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1077254/?format=api",
    "text_counter": 114,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Our retired citizens experience challenges in accessing medical care. For this reason, we have developed post-retirement medical regulations to allow members to make additional voluntary contributions to a medical fund. This will enable retirees to access the funds at retirement or transfer a portion of it to a medical insurance provider. However, the existing regulations exclude post-retirement medical funds which are established under irrevocable trust by employers and service providers outside a retirement benefits scheme popularly known as “Stand-Alone Post-Retirement Medical Funds”. These funds remain unregulated. This exposes members’ funds adversely. As such, I propose to amend the Retirement Benefits Act to provide for regulation of those funds."
}