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{
    "id": 810763,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/810763/?format=api",
    "text_counter": 311,
    "type": "speech",
    "speaker_name": "Kisumu East, Independent",
    "speaker_title": "Hon. Shakeel Shabbir",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": " Thank you, Hon. Temporary Deputy Speaker. Firstly, I want to say that I am a Member of this Committee and we have certain concerns. I support this Bill subject to amendments, which I will be proposing. I was once a Mayor of Kisumu and there are a number of former mayors here. One of the major problems that we have is putting together the LAPFUND, LAPTRUST and the new County Retirements Fund. The new County Retirement Fund, which is already in force, relate to employees of county governments as at the start of devolution. If you put a new baby with another institution which is on its deathbed or that has AIDS or cancer, you are going to kill the new child. The scheme that is being put forward suggests, and that is where my amendment will come in, that the CRF, the LAPFUND and the LAPTRUST all be put together. This is not possible. As the history goes, the LAPTRUST and the LAPFUND were set up during the colonial time and continued into Independence. The LAPTRUST was set up for the wazungu who were in local government and then the elite took over. That is the defined benefits. The LAPFUND was for the rest of us and it was and remains under the umbrella of the Treasury. The LAPTRUST at this moment, having accumulated a lot of assets, has gone and made itself a private limited company by guarantee, and nothing to do with public pension funds. None whatsoever. Before the National Assembly are two Bills. One is a Private Members’ Bill by my friend and colleague, Hon. Njagagua, and is sponsored by LAPTRUST. The other is a Government-sponsored Bill. In the 10thParliament, where I was in the Finance and National Planning Committee, this had come to us. It was never finished because of the fact that Parliament had to go on recess. The Government had done a lot of public participation yet we The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor."
}