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"id": 858856,
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"type": "speech",
"speaker_name": "Gilgil, JP",
"speaker_title": "Hon. (Ms.) Martha Wangari",
"speaker": {
"id": 13123,
"legal_name": "Martha Wangari",
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"content": "that the transition is clear, the members’ benefits are protected and none of them will be lost in the process. The Attorney-General, as the legal advisor to the Government, issued an advisory in 2017. The advisory read that the LAPTRUST umbrella retirement Fund; the County Pension Fund, is the existing pension scheme for officers and staff of the defunct local governments as envisaged under Section 132 of the County Governments Act. There has not been a contrary advisory sought from the Attorney-General to negate this fact. The advisory goes ahead to say that it is important that LAPTRUST is anchored in an Act of Parliament. What does that mean? It means it will operate, be checked and regulated under the law. More importantly, who are the consumers or beneficiaries of the pension fund?"
}