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{
    "id": 1442029,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1442029/?format=api",
    "text_counter": 127,
    "type": "speech",
    "speaker_name": "Molo, UDA",
    "speaker_title": "Hon. Kuria Kimani",
    "speaker": null,
    "content": "Hon. Speaker, you will note a concept called “black tax.” There are several reasons why majority of Kenyans, especially middle-income earning Kenyan are struggling. One of them is because they have to support their aging parents. Some of them contributed many of their years in public service to serving the people of this country. We are, therefore, providing for an incentive for them: that when you are actively in service, please save for your post-retirement medical scheme. When you make that contribution, it will be tax allowable up to Ksh15, 000 a month. This will help when we grow old, that is, during the times when parents will rely on their children to support them in their old age. The times when children were seen as investment needs to end. When someone reaches the age of 18 years, they should be encouraged to thrive independently and support themselves. By investing heavily in our retirement during our active years, we can ensure that we are able to support ourselves. This is not to mean that we do not support our parents but we are just saying we need to work hard to make sure that we put measures such as saving for our post-retirement medical scheme so that we do not burden our children with our medical costs when we are old and not working."
}