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{
    "id": 1121769,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1121769/?format=api",
    "text_counter": 185,
    "type": "speech",
    "speaker_name": "Kimilili, JP",
    "speaker_title": "Hon. Didmus Barasa",
    "speaker": {
        "id": 1885,
        "legal_name": "Didmus Wekesa Barasa Mutua",
        "slug": "didmus-wekesa-barasa-mutua"
    },
    "content": "Once this Bill is approved by this House and enacted into law, the cartels that comprise of people who operate within corridors of pension scheme offices to fleece retirees of their pension savings will have no business but to go home because pensioners will be getting their lump sum payments within 90 days after retirement. There will be no further delays. A pensioner will not sell his property to bribe a particular officer operating within the corridors of a pension scheme office for them to access their pension. This Bill will also ensure that jobs are created. As pensioners get their money, engineers will operate their own firms as doctors open clinics and consultancies, etcetera, thus creating more jobs. Currently, such professionals are unable to do so because some are bedridden, having been thrown into depression. Majority of them have grown older. Some have died before actualising their dream business – something they had planned to do upon retirement. This Bill will ensure that the purpose for which pension schemes were established is met so that people can continue transiting from employment life into private business life. As Members are aware, majority of Kenyans suffering from various diseases use medical insurance covers provided by the organisations they work for but upon retirement, they never enjoy such privileges. They are required to use their pensions to procure medication. Once the insurance scheme benefit is terminated, you no longer enjoy that privilege. As you go home, you are left in God’s hands. People say that a doctor treats and God heals. However, for a doctor to treat you, you must pay them. If pension schemes delay to release retirees’ pension lump sum and monthly payments, these people lose their lives soon after retirement due to medical complications. This Bill seeks to ensure that the purpose of pension schemes continue to be met promptly."
}