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{
    "id": 1121771,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1121771/?format=api",
    "text_counter": 187,
    "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": "so that they can make a budgetary allocation to offload the deficit where pension money has been used to buy shares or make investment in some real estate ventures. If need be, a pension scheme should sell off such properties to ensure that pensioners’ money is available within 90 days. This law has been in existence but because it has not been punitive in dealing with delays in payments, officers of pension schemes have been tendering this crucial service to Kenyans with laxity. The approval of this Bill will make pension scheme officers more proactive in terms of ensuring that funds are available and paid to pensioners within 90 days of one’s retirement. Failure to do so will amount to committing a criminal offence and responsible officers will be liable to prosecution. Even as I move Seconding Reading, Members have an opportunity to improve and enrich the Bill through amendments. I will be happy to tap into the wisdom of the Members of this House during the Committee of the whole House, in terms of proposed amendments, to ensure that no Kenyan continues to suffer in the hands of pension schemes. No retired Kenyan workers should lead difficult lives because they cannot access their pension. All Kenyans who have plans of using their lump sum and monthly pension payments to set up private businesses will have opportunity to do so without any further delay."
}