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{
    "id": 347348,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/347348/?format=api",
    "text_counter": 158,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "Mr. Speaker, Sir, as I said, because of the current budgetary pressures on our budget, it will not be possible for us to effect this immediately. Instead of amending the Act, we are in the process of preparing a contributory scheme which under the Public Service Superannuation Act 2012 to ensure that public servants have a sustainable pension. So, this one is in the process so that they have a comfortable retirement scheme instead of sustaining this scheme which appears to be unsustainable because as it is, the current budgetary provisions for pensions is about 2.8 per cent of our Gross Domestic Product (GDP) and it is likely to rise much higher by 2030. In fact, by 2030, it is projected that it might go up to Kshs100 billion. This is a bit unsustainable. So, we are instead replacing the scheme with a contributory scheme which will be much better."
}