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{
    "id": 810808,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/810808/?format=api",
    "text_counter": 356,
    "type": "speech",
    "speaker_name": "Kitui Central, WDM-K",
    "speaker_title": "Hon. Benson Mulu",
    "speaker": {
        "id": 1955,
        "legal_name": "Benson Makali Mulu",
        "slug": "benson-makali-mulu"
    },
    "content": "The other thing which we need to consider is life expectancy. It is important for the Chair and the Vice Chair to know that life expectancy in this country is 63.4 years. Life expectancy of men is 61.1 years and that of women is 65.8 years. This means that on average, women live longer than men. In the situation where our retirement age is 60 years, then it means that most of the people will retire and access these amounts for at least one year and then die. That is what these statistics imply. We need to think about a strategy where people can start accessing their benefits slightly earlier. There is a proposal that you can start accessing your benefits at age 50 and then you think about how you can invest, so that even as you save for your retirement, you also invest. If you get out of office and die, then the earlier planning of saving for retirement loses meaning. That is very critical. It is important to compare our retirement age and life expectancy. There are countries where their life expectancy is 70 years, 80 years, 71 years or 72 years. If you retire at 60 years and you die at 61 years old, it means that at the end of the day, the much struggle which people go through to save will not be of benefit."
}