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{
    "id": 1569886,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/1569886/?format=api",
    "text_counter": 98,
    "type": "speech",
    "speaker_name": "Hon. John Mbadi",
    "speaker_title": "The Cabinet Secretary for National Treasury and Economic Planning",
    "speaker": null,
    "content": "contemporary economic and demographic realities. In line with this, the Government is implementing key regulatory reforms, which are as follows- The legal reforms we have on the scope are the Task Force on Public Service Pension Legal Framework, formally appointed on 17th September, 2024 which is tasked with reviewing existing pension laws and identifying gaps that hinder effective service delivery. Then, there is legislative and regulatory amendments. The Task Force will propose comprehensive reforms to enhance efficiency. We are also benchmarking with international standards. The review will incorporate lessons from countries with well-established pension systems to ensure a robust and globally competitive pension framework. Secondly, re-engineering the Pension Management Information System. I have talked about this; eliminating paper-based processes, empowering pensioners with self- service capabilities, accelerating processing through automated approvals, enhancing security and accuracy through system integration. Mr. Speaker, Sir, the key here is automation. If you automate Pension systems, as we have indicated, then you will solve a number of these issues. I have also said that from 1st July, we are onboarding the system and it will enhance efficiency."
}