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"content": "and thousands of other Kenyans who are out there suffering in silence, waiting for the magical age of 60 years to access their funds. Mr. Deputy Speaker, Sir, when you look at South Africa, they have also made amendments to their retirement benefits law. Similarly in 2001, South Africa amended their Pensions Fund Amendment Act No.65 of 2001, where they made a far reaching change to their Pensions Act. They would allow their citizens to actually use their funds to purchase houses and access loans in case of emergencies. This is something we have been asking for, for many years. We are very glad that in June this year the Ministry of Finance actually responded. We have Legal Notice No.85 where the Ministry for Finance introduced the Retirement Benefits Mortgage Loans Regulation. I want to congratulate the Ministry for being sensitive to the needs of Kenyans because Kenyans can actually now be allowed to have a facility for house ownership through a loan facility by using their contributions."
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