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{
    "id": 1380135,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1380135/?format=api",
    "text_counter": 315,
    "type": "speech",
    "speaker_name": "Sen. Osotsi",
    "speaker_title": "",
    "speaker": {
        "id": 13588,
        "legal_name": "Osotsi Godfrey Otieno",
        "slug": "osotsi-godfrey-otieno"
    },
    "content": "Mr. Deputy Speaker, Sir, in its appearance before the Committee, the Ministry of the National Treasury and Economic Planning submitted that the matter of outstanding pension liability was weighty and therefore requested the Committee to take the matter seriously and ensure that the pensioners who are languishing in poverty are assisted by the House. They requested the Committee to plan for a public participation forum bringing all the relevant stakeholders for deliberation. I thank the National Treasury and Economic Planning for supporting this initiative. There was a forum held in August, 2023 in Mombasa County to deliberate on this matter. We arrived at a number of resolutions and strategies on how to resettle this huge pension debt. The Report I am presenting to the House has several observations. First, we observed that there were great discrepancies between the data provided on the outstanding pension debt by the county governments through Council of Governors (COG) and the respective pension schemes, which are Local Authorities Provident Fund (LAPFUND) and County Pension Fund (CPF) which require further analysis and reconciliation. Mr. Deputy Speaker, Sir, for instance, the records submitted by the pension schemes show that the liabilities amount to Kshs80.1 billion, while the data submitted by the CoG show that the liabilities stand at around Kshs40.5 billion. This is because of the interest and penalties that have been charged on the principal amount owed."
}