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{
    "id": 200931,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/200931/?format=api",
    "text_counter": 344,
    "type": "speech",
    "speaker_name": "Mr. Kimunya",
    "speaker_title": "The Minister for Finance",
    "speaker": {
        "id": 174,
        "legal_name": "Amos Muhinga Kimunya",
        "slug": "amos-kimunya"
    },
    "content": " Mr. Temporary Deputy Chairman, Sir, I beg to oppose; this does not find its place into the law for the reasons I explained during debate on its Second Reading. It is a bad clause which will interfere with a very good law. We will regret at some point when people will be looking around, because they have consumed all their money when they should have been working and by the time they attain the age of 55, there is no money available for them. This is against the background of our people, whom we know do not have a saving culture. The only way we can make them do it is through the law. Currently, we are discussing these labour-based laws, which are basically meant to encourage people to save. We have even opened up new avenues for casual workers to save through the National Social Security Fund (NSSF). We would be sending the wrong signal that as we are telling casual workers to save through the NSSF, those who are in formal employment can withdraw their benefits. I beg to urge this House does not agree that this new clause be part of the law."
}