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{
    "id": 864764,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/864764/?format=api",
    "text_counter": 470,
    "type": "speech",
    "speaker_name": "Sen. (Dr.) Zani",
    "speaker_title": "",
    "speaker": {
        "id": 13119,
        "legal_name": "Agnes Zani",
        "slug": "agnes-zani"
    },
    "content": "In Clause 22, we have a Custodian of the Scheme who shall be appointed by the Board. As much as the structures are good right from the onset because we have the establishment of the Board, we then later move on we have administration of the County Government Retirement Scheme and the Management of the County Retirement Scheme. If the levels are not well cascaded, it will bring a lot of confusion. I can see the Bill tries as much as possible to give the various levels of responsibility but where there is an overflow, it might create a problem considering that there are quite a lot of dynamics as far as the Local Authorities Pensions Trust (LAPTRUST), Defined Contributions Fund (DCF) and the Defined Benefits Fund (LAPFUND are related as far as this Bill is concerned. The general provisions of the Bill are key. It applies to all eligible employees of county governments and associated organisations and ensures particularly, as specified in the object, for establishment of a County Government Retirement Scheme which is key."
}