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{
    "id": 81255,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/81255/?format=api",
    "text_counter": 583,
    "type": "speech",
    "speaker_name": "Mr. Kenyatta",
    "speaker_title": "The Deputy Prime Minister and Minister for Finance",
    "speaker": {
        "id": 168,
        "legal_name": "Uhuru Muigai Kenyatta",
        "slug": "uhuru-kenyatta"
    },
    "content": " Thank you, Mr. Temporary Deputy Speaker, Sir. I want to take this opportunity to also thank the hon. Wamalwa for agreeing with us at the Treasury that the matter that he brought forward, as important as it was, was a matter that could be handled through amendments to the regulations. Towards this end as he has stated, he brought this matter to the House quite a while ago and I want to take this opportunity to apologise because we should have acted on this matter much, much sooner. Nevertheless, we have made amendments and a legal notice has been published and the amended regulations will enable members of retirement schemes leaving employment before the mandatory retirement age to be entitled to their contributions and investments income accrued. The amended regulations will also apportion equally, the employers’ contribution between members of the scheme and the amounts to be preserved. In the case for the benefit schemes, members will be entitled to a 50 percent of their accrued benefits as retirement by an actuary. So, therefore, the concerns that had been raised or that had prompted the Bill the hon. Wamalwa had presented before this House have been taken care of and to that end, I wish to table the gazette notice with the amended regulations."
}