{"id":1077254,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1077254/?format=json","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."}