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{
    "id": 1499801,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1499801/?format=api",
    "text_counter": 258,
    "type": "speech",
    "speaker_name": "Sen. Ogola",
    "speaker_title": "",
    "speaker": null,
    "content": "this be important? There are values that are expected from us as speltout in chapter six of the Constitution. The board of trustees will be dealing with monies that the MCAs shall have voluntarily saved over the years. It is very painful that an officer will have saved money from their salary, but someone mismanages it and finally it does not benefit the MCAs. There have been similar practices in other professions. I am a teacher by profession. I remember my father, who was also a teacher, saved money in a pension scheme for the teachers of the then greater Southern Nyanza. I remember an investment was made to build a very expensive house in Homa Bay County called Sonyaco Plaza. However, at some point, because of mismanagement, teachers were suffering. Their children were dropping out of school and yet they had saved for this pension scheme. Mr. Temporary Speaker, Sir, I would like the issue of integrity to be emphasised. Finally, access to their contributions when they retire from the county assemblies must be made easier. Then, the reason for their saving and value for money is met by the families. Lastly, I want to caution that whoever will be managing these funds should exercise prudent management. The board of trustees should not be too ambitious and overinvest in some of these funds because, in the end, that has also hurt other schemes. I support this Bill. Once it is passed, may the MCAs invest more in this scheme. By doing so, they will be investing in their future and that of their children."
}