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{
    "id": 132929,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/132929/?format=api",
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    "content": "in ourselves. We must trust Kenyans to be responsible enough. Where we think they lack capacity to invest or save this money, it behoves the Government to come up with schemes where you can train retirees or people who are leaving employment without any training on financial management, how they will invest this money and how they will utilize these funds. The Government can actually do so to ensure that when you are given this money, you will not blow it up. This money will be invested and assure our people dignified retirement. Madam Temporary Deputy Speaker, we do know that we make laws for the good of society. Where there is a bad law, it must be amended. As Jesus said when he was challenged on why, on the Sabbath day he seemed to be breaking the law by working in the fields, he said in the book of Mark that man was not made for the law, but the law was made for man. This law here was made for the good of Kenyans. If the law itself is hurting Kenyans, we must look at it and see what can be done, so that we fall in step with other nations that have adjusted and amended their laws and come up with a policy on pensions. Madam Temporary Deputy Speaker, Edmund Burk once said that there can be no greater tyranny than the tyranny of bad laws. If a law is bad enough, and we know that bad laws have existed, it falls upon this august House to relook at this law and see that it is amended for the good of the society. That is why we are urging the Government to relook at the regulations that were introduced to Section 55 of Retirement Benefits Act and to come up with proper regulations that can regulate this very important industry. However, they should also be sensitive to the needs of the times particularly to the suffering of young people who have lost jobs. I am talking of millions of people across the world, according to what was given to us at the International Labour Organisation (ILO) conference in Geneva. In Kenya, we are talking of over 25,000 people who have been affected. Time has come for the Government to re-look at this issue and ensure that this restriction is lifted, to allow Kenyans access their employer’s contributions. We will be urging that as they do so, the Government can put in place regulations similar to those that they have put to allow Kenyans to use this facility to purchase houses. They can regulate and give loans so that whoever has a need, it can be educational or medical--- They have been denied access to this money and this is why I am urging that time has come for the Government to relook into this issue. I urge that it be lifted and we comply with other countries which have done so, so that we can help Kenyans who are suffering. Madam Temporary Deputy Speaker, I will ask Mr. Mututho to second this Motion. With those few remarks, I beg to move."
}