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{
    "id": 864288,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/864288/?format=api",
    "text_counter": 446,
    "type": "speech",
    "speaker_name": "Sen. Wetangula",
    "speaker_title": "",
    "speaker": {
        "id": 210,
        "legal_name": "Moses Masika Wetangula",
        "slug": "moses-wetangula"
    },
    "content": "Thank you, Madam Temporary Speaker, for an opportunity to contribute to this important Bill. We have had a serious state of confusion with two competing pension funds, the LAPTRUST and the LAPFUND to the extent that they have been competing in supporting activities of the Senate with the hope that they get favor in some legislative structure of sorts. This Bill seeks to sort out this confusion. It is important because the most downtrodden people in this country are the pensioners. I am a son of a pensioner; my father is 88 years old and he earns a small pension of about Kshs2,000. However, even to get that money is difficult and they sometimes go for six months without seeing it. Madam Temporary Speaker, when you look at the people who sit on the National Social Security Fund (NSSF) Board, which is the biggest pension fund in the country, they go around wearing gold around their necks; gold rings on each finger; golden watches and even boast of buying watches worth Kshs5 million. These are funds of those who toil and moil from morning until evening; those who walk from Kibera to Industrial Area and do everything to turn the wheel of our economy. At the end of the day, they are taxed at source and they cannot access their money. Those who wine, dine and boast are those who do nothing, except the fact that they sit in positions of influence; which is very unfortunate. That is why it is important that we have a water tight law that will protect the worker. Madam Temporary Speaker, the world over, workers who contribute money be it in Australia, New Zealand and in mature economies and democracies, retire happier and live longer. This is because upon retirement, they can access healthcare and they have money with which they can afford a holiday once a year. Quite often, we meet elderly couple on flights and when you ask them where they are going, they tell you they are pensioners in Australia and are going to Canada for a holiday. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate."
}