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{
    "id": 412725,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/412725/?format=api",
    "text_counter": 477,
    "type": "other",
    "speaker_name": "",
    "speaker_title": "",
    "speaker": null,
    "content": "The first one is the definition of the word “Actuary”. It is not provided for in the Bill and it is good to clear the definition of the word in the Bill.Two, in the definition of “Tier 1 Pension Fund Credit”, there is two per cent. The contribution is 12 per cent as proposed in the Bill. Ten per cent will be going to Provident and Pension Fund. We have agreed that two per cent should go to the grant and disabled Fund. They were saying they would create an account for that. It is not anywhere in the Bill. The two per cent should be taken care of by inserting the words “provided that the maximum deduction for the funeral grant and minimum benefits on death and disability shall not exceed two per cent of the Lower Earning Limit per Pension Fund member” immediately after the word “thereon”."
}