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{
    "id": 482363,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482363/?format=api",
    "text_counter": 163,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Nyasuna",
    "speaker_title": "",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": "Scheme. Therefore its operations must be aligned to the Retirement Benefits Authority Act of 1997. The amendment to Section 47 of the NSSF is removing the jurisdiction for making regulations as regards benefits accruing to us, as members of the NSSF from the Cabinet Secretary, to whom the NSSF Act, 2013 had given them. The Act of 2013 had indicated in Section 47 that regulations as regards benefits payable to members of the NSSF would be defined by the Cabinet Secretary. Essentially, Section 47 says that the Cabinet Secretary may make regulations to regulate any matter relating to benefits payable from the Fund. This amendment is removing that and saying that payment of benefits and general administration of the Fund shall be in accordance with provisions of the Retirement Benefits Act of 1997. That can only be a good thing. The Retirement Benefits Authority is the regulator of pension schemes. Making the NSSF Act subject to the Retirement Benefits Authority Act and the Retirement Benefits Authority is an important thing. Secondly, the NSSF is about funds from employers and employees."
}