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{
    "id": 1494311,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1494311/?format=api",
    "text_counter": 28,
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    "content": "(e) That as a result, some members have lost their lives while others have suffered illness due to psychological stress caused by this situation. (f) That the scheme owns its members billions of shillings that remain unaccounted for, supporting the claim that it may have been undertaking fraudulent operations. (g) That the Technical University of Kenya has failed to protect its members, stakeholders, and assets due to lack of efficient and effective oversight of affairs of the university; (h) That the members of the scheme have made efforts to address this matter with the university management, the university council chairperson, the RBA and the Ministry of Education, all of which have been unsuccessful. That the petitioners, therefore, pray that the Senate investigate this matter with a view to do the following- (i) Ensure that the assets of the scheme and contributions owed to members are safeguarded, including the transfer of members to other schemes, where possible, to ensure the continuation of the pension contributions. (ii) Ensure that the circumstances that led to the poor financial performance of the scheme and its subsequent insolvency are addressed, and that the responsible persons are held accountable. (iii) Formulating legislative interventions aimed at preventing similar occurrences in retirement schemes in the country. Hon. Senators, pursuant to Standing Order No.238(1), I commit the Petition to the Standing Committee on Labour and Social Welfare for consideration. In terms of Standing Order No.238(2), the committee is required in not more than 60 calendar days from the time of reading the Prayer, which is today, to table its report in the Senate for consideration. The Senate shall, thereafter, consider the report of the committee. Thank you. Next order. Proceed, Senate Majority Leader."
}