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{
    "id": 482367,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/482367/?format=api",
    "text_counter": 167,
    "type": "speech",
    "speaker_name": "Hon. (Ms.) Nyasuna",
    "speaker_title": "",
    "speaker": {
        "id": 590,
        "legal_name": "Gladys Atieno Nyasuna",
        "slug": "gladys-atieno-nyasuna"
    },
    "content": "must be done right. The NSSF to take the direction that the 2013 Act anticipated, where people should contribute more, and be assured that at the end of the day when they retire, they will have some social security. We must ensure that the NSSF is well managed. The workers and the employers with the NSSF must also be the ones who determine who their representatives are. We want accountability and succession. We want people to move on and others to come in, but we want this to be done right. The NSSF needs to win back the confidence of the people. For a long time, the NSSF has been known as a cash cow. We were passing this Bill to tighten those loopholes, so that it is no longer a cash cow, but an assured social security scheme. When you look at provident funds, if the sponsor has a 50 per cent stake and the employer a 50 per cent stake, then you are moving on the right path. Those are very useful amendments, but we need to look at more amendments to this Bill to tighten more loopholes that we have seen emerging to ensure that our poor workers’ money is not, at any time, squandered. When the Bill comes to the Committee of the whole House, I will be making some further proposals for amendments. The amendments to the NSSF Act also propose that rather than waiting for six months to do returns to the Auditor-General, we reduce it to three months. This is a welcome move. With those many remarks, and knowing that I just came from a break, I beg to support."
}