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{
    "id": 810825,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/810825/?format=api",
    "text_counter": 373,
    "type": "speech",
    "speaker_name": "Rangwe, ODM",
    "speaker_title": "Hon. (Dr.) Lilian Gogo",
    "speaker": {
        "id": 13464,
        "legal_name": "Lilian Achieng Gogo",
        "slug": "lilian-achieng-gogo"
    },
    "content": "I thank the Departmental Committee on Finance and National Planning for coming up with the Bill, which is well-structured. The management of the suggested scheme is well done and researched. However, I want to make some contribution in the time that is left. We are left with just a few minutes for the rest of us to speak. The main issue about retirement schemes is not about the way they are administered. Of course, we have corruption that we are dealing with, but there is an element that we need to take care of that is equally important and that is capacity building of the retirees or beneficiaries. Often times, people retire and are given notice that they are to retire but are not given retirement options. It is commonly said that life barely begins at 40. So, by the time somebody is retiring at 60, they are just about 20 years old if we go with that. So, a 20 year old can still do quite a bit including marrying. So, we should come up with systems that mitigate on the usage of money. There are people who literally time. They know that retirees have money and they position themselves strategically to get this money and use it on behalf of the retirees. So, as much as we may want to have a scheme for them, we should also start mandatory training two or one year to retirement to give the beneficiaries of the scheme some retirement options. There are many things that people can do. One can retire but he is not tired. People can also opt to take their 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."
}