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{
    "id": 1341020,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1341020/?format=api",
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    "content": "Thank you, Hon. Temporary Speaker and Members. On that Question, I will respond to part one. On parts two and three, I will give explanation. The KNH Pension Scheme, that is the Defined Benefit Scheme (DB Scheme), has endeavoured to pay pension promptly without default. I would like to clarify that, on a monthly basis, the retirees get their pension. This scheme was closed to new entrants vide a Government directive through Treasury Circular No.18/2010 Ref: EPN 171/07 Vol.P(64) dated 24th November, 2010. There have been concerns, however, on how the benefits have been calculated especially after the closure of the Defined Benefit Scheme (DB Scheme) to new entrants. As stipulated by the Retirements Benefits Authority (RBA), schemes are guided by the trust deeds and rules and as such, the KNH DB Scheme is guided by the trust deeds and rules. The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor."
}