Entry Instance

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{
    "id": 132919,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/132919/?format=api",
    "text_counter": 290,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "LIFTING OF RESTRICTIONS UNDER RBA ON RETIREMENT BENEFITS THAT, in view of the suffering occasioned by the retirement benefits law to employees by prohibiting them from accessing their contributions and those of their employers upon leaving employment before the mandatory retirement age, and in view of the fact that the Government has now extended the retirement age of its employees to sixty years and those who have left employment before the mandatory retirement age will have to wait for an even longer period before accessing their contributions; this House resolves that the Government lifts the restriction under the Retirement Benefits Act in respect of occupation schemes to enable a member leaving employment after three years of membership to be entitled thereupon to a refund of his or her contribution together with investment income accrued thereon and payment of the employer’s contribution together with investment income accrued thereon, and for matters incidental thereto and connected therewith."
}