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{
    "id": 580845,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/580845/?format=api",
    "text_counter": 727,
    "type": "speech",
    "speaker_name": "Hon. Langat",
    "speaker_title": "",
    "speaker": {
        "id": 384,
        "legal_name": "Benjamin Kipkirui Langat",
        "slug": "benjamin-langat"
    },
    "content": "Amendment to Section 2 of No.8 of 2012 49A.Section 2 of the Public Service Superannuation Scheme Act is amended by deleting– (a) the definition of the term “bond”. (b) in the definition of the term “child” by deleting the words “twenty one” and substituting therefor the word “eighteen”. This relates to the contribution scheme – the public service evaluation scheme which the Government is moving slowly by slowly. One of the methods which have been approved to finance development is that one can choose to be given a bond when the payments are due. However, going forward because a public servant and the Government both contribute, one needs to be given the money to decide whether they want to buy the bond separately or to invest elsewhere. So, we want to make the bond not to be a means of financing members. That is very good for the public servants so that they make a choice as opposed to somebody choosing for them. The other thing we are doing is to align the age of a child. In the Public Service Superannuation Scheme Act, a child was defined to be a person of up to 21 years, but anybody above 18 years old is not a child. That person has an identification document and can secure employment. So, we are aligning the ages as per the definition of a “child.”"
}