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{
    "id": 1128312,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1128312/?format=api",
    "text_counter": 579,
    "type": "speech",
    "speaker_name": "Kipipiri, JP",
    "speaker_title": "Hon. Amos Kimunya",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": "Basically, we have provided a mechanism for transiting the dormant Fund which has a Board. I think this came out clearly, when we were looking at the Asian Widow’s and Orphan’s Pensions (Repeal) Bill. These Funds were created in those days and have ceased being of use. But they continued being in the books completely with a whole infrastructure and the Board earning some sitting allowances while doing nothing, yet this is money we can spend on better things in this Republic. Again, this is probably the second piece of legislation following what the House approved this week, the repeal of the Asian Widow’s and Orphan’s Pension Fund. This Bill is also meant to go through the same fate. It is a very straightforward Bill. We do not even need to debate it a lot. It is as straight as they come. I know the Committee has looked through it and are in total agreement. Hence, I want to urge the House we take minimum time on this since it is straightforward so that we can move on to another matter. The long and short of it is that we have a Provident Fund that is not serving any purpose. It has been dormant for a long time, is no longer required and hence needs to be scrapped off the books. The only way to do that is through a repeal of that law to provide a transition mechanism on how the Fund will be wound up. After winding up, how the liabilities due either way will be sorted. With those remarks, I beg to move and ask the Hon. Shakeel Shabbir, who is a Member of the Departmental Committee on Finance and National Planning, to second."
}