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{
    "id": 1121814,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1121814/?format=api",
    "text_counter": 230,
    "type": "speech",
    "speaker_name": "Kiambaa, UDA",
    "speaker_title": "Hon. Wanjiku Njuguna",
    "speaker": null,
    "content": "Pension is a thorn in the flesh of many workers who worked very hard. You are working hard so that when you retire, you will have something to take care of yourself. However, nowadays, regardless of what you do or try to save while you are young so that it can take care of you, you end up dying without achieving whatever you wanted to before you retire. I support the amendments being proposed in the Pensions (Amendment) Bill to ensure that when you are young and still working, you save a lot of money. You deny yourself some opportunities and other luxuries to save something small so that when you become old and retire, you will have something to take care of yourself. You will have bills to pay and medicines and food to buy. This pension is not helping people do what they are supposed to when they retire. There is a huge outcry out there. Teachers, police officers and others who have retired within a certain time have not been able to benefit from this pension. You cannot get what you saved or worked for because there are cartels everywhere. That is something that you volunteered to save so that when the day comes, you will benefit from it. I support that timeframe of 90 days. It is enough time for pension schemes to come up with a procedure that will ensure that immediately one retires, that amount of money assists him or her. It should not assist you when you have died and cannot take care of yourself. I support the amendment Bill. I hope we will also have an opportunity to further amend it in regards to ensuring that these pensions’ schemes will have an insurance scheme so that when you retire, you get something that can benefit you and help you move forward when you are unable to take care of yourself. In this day and age, there are brokers everywhere. Many people have to use a broker to get what they volunteered to give. They have to, plan, beg and even part with some money so that someone can keep their money for them. I hope that the schemes will come up with a procedure and programme to ensure that within 90 days after you retire, you comfortably receive your money so that you can plan for your retirement and enjoy it."
}