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{
    "id": 1507044,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1507044/?format=api",
    "text_counter": 92,
    "type": "speech",
    "speaker_name": "Sen. Olekina",
    "speaker_title": "",
    "speaker": {
        "id": 407,
        "legal_name": "Ledama Olekina",
        "slug": "ledama-olekina"
    },
    "content": "Mr. Speaker, Sir, I rise to support a few statements. I want to begin with the statement that deals with the welfare of retirees. It is nonsensical. You will find teachers who worked for over 20 years retiring at 60. It is time we re-evaluated the issue of retirement. Why do you retire when your brain is still working? You should continue. We need to be a bit creative on how we deal with these issues. Last week my sister called and told me that she retired in 2022. However, until today, she has not received her pension. This House has an opportunity to re-evaluate the role and functions of these retirement benefit schemes. We have agencies like Local Authority Pension Trust (LAPTRUST) and LAPFUND. We also have other retirement benefit schemes. It is like their core business right now is to invest in real estate because they are building houses all over. They are engaging in deals with county governments. They are saying that county governments have not paid them because this House has negated its role of protecting Kenyans by ensuring that any piece of legislation we draft here includes huge penalties and interest. Mr. Speaker, Sir, it is about time that we now revisit the Retirement Benefits Act and amend it so that when these companies like LAPTRUST and LAPFUND are owed by county governments the principal amount, if it is Kshs20 million, it is easier for county governments to pay them. I would like to request the committee that while investigating the issue raised by the Senator for Mombasa County, consider looking at the entire Retirement Benefits Act The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Director, Hansard and AudioServices, Senate."
}