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{
    "id": 132963,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/132963/?format=api",
    "text_counter": 334,
    "type": "other",
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    "content": "and the retirees benefit from the same catch. This is because this is the only fund that could help the Government carry out its projects. We need to be careful with the high rate of unemployment in the country because we are not employing many younger people. This means that our workforce is ageing. By increasing our retirement age to 60 years, we will get into a situation where we have an older working age group while younger people will just be at home. This will increase the dependency ratio in the country. If somebody retires early, he or she should be allowed to go home with some of his or her benefits so that that person can invest and create jobs for the many unemployed youths that we have. It is important that we look at it that way so that we can get into a win-win situation. If we insist that a person will only be paid the retirement benefits at 51 years or somebody takes all the benefits as long as he or she has quit employment, we will both be losers. In this case, each one of us can reciprocally have something to take home. Most of all, this will encourage the Government to find a way of creating jobs for younger people. They need to increase the workforce. They need to make sure that we have a younger working age group than the older working age group that we have. I believe that these amendments will find favour with the Ministry of Finance, so that they can actually support this Motion, and allow people retiring early to access a certain amount of their benefits while they are still strong enough to invest and utilise the same economically. With those few remarks, I beg to second the amendment."
}