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{
    "id": 570906,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/570906/?format=api",
    "text_counter": 63,
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    "speaker_name": "",
    "speaker_title": "",
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    "content": "INVITATION TO A CONFERENCE TO BUILD CONSENSUS ON ON A SUITABLE PENSION SCHEME FOR COUNTY EMPLOYEES I would like to make an announcement relating to a conference that has been organized by the Standing Committee on Labour and Social Welfare to deliberate on the County Retirement Scheme Bill, (Senate Bill No.25 of 2014). As you may recall, the County Retirement Scheme Bill, (Senate Bill No.25 of 2014) was Read the First Time in this House on Wednesday 6th August, 2014 and it was committed to the Standing Committee on Labour and Social Welfare for consideration pursuant to Standing Order No.130 of the Senate Standing Orders. The Committee identified and invited the following stakeholders to make written or oral submissions on the Bill:- The Senate Standing Committee on Finance, Commerce and Budget. The National Treasury Pensions Department. (1) The Retirement Benefits Authority (RBA). (2) The Local Authorities Provident Trust (LAPTRUST). (3) The Local Authorities Provident Fund (LAPFUND). (4) The Transitional Authority (TA). (5) The Salaries and Remuneration Commission (SRC). (6) The Council of Governors (CoG). (7) The Commission for the Implementation of the Constitution (CIC). (8) The County Public Service Boards Forum. (9) The Kenya Government Workers Union (KCGWU). Hon. Senators, at the stakeholders’ consultative meetings, it was noted that:- (i) County Government employees were concerned that the Senate had delayed in merging the two schemes; LAPTRUST and LAPFUND, leading to concern over the security of the employees’ savings. (ii) Some county governments had not been remitting the employees’ monthly contributions to the schemes as there was no clear direction on where to remit the monies. (iii) There will be a large number of county staffers retiring in the year 2016 and unless this matter is resolved, these staffers might end up losing part of their pension. (iv)The County Pension Scheme for county staffers had become highly politicized and there is need for objectivity and broad consensus in its consideration. The electronic version of the Senate Hansard Report is for information purposes only. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}