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{
    "id": 862318,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/862318/?format=api",
    "text_counter": 348,
    "type": "speech",
    "speaker_name": "Sen. Kang’ata",
    "speaker_title": "",
    "speaker": {
        "id": 1826,
        "legal_name": "Irungu Kang'ata",
        "slug": "irungu-kangata"
    },
    "content": "authorities. Compare that with the LAPFUND, which is an entity that is created by a statute and pays people in lump sum. This in essence may be positive, particularly, taking into account that it looks more into the lower cadre of people who work in the local authorities. Of course, they have the option to get periodical payments. However, taking into account that they save very little money through the fund and, therefore, if you were to pay them on a monthly basis, you are talking of paying an employee for instance about Kshs1,000 on average. Therefore, when you pay in lump sum, you find that person getting more money which they can invest in something that can give them good returns on retirement."
}