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{
    "id": 145683,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/145683/?format=api",
    "text_counter": 303,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The new regulations within the Retirements Benefits Act will require new investments by pension schemes that receive statutory contributions be put in Government securities and infrastructure bonds issued by public institutions only. Mr. Temporary Deputy Chairman, Sir, what the Minister is saying is that all new retirement benefits schemes and all new contributions will only go to Government bonds and Government securities. This means monies from bodies like the National Social Security Fund (NSSF) that have been receiving statutory deductions will be available to the Government alone. In his answer, I want the Minister to tell us--- If you look at the NSSF, they are big players in the stock market. All these retirement benefit schemes are big players in the stock markets. What is going to happen? The Minister must surely mean that the Nairobi Stock Exchange (NSE) must"
}