{"count":1608389,"next":"http://info.mzalendo.com/api/v0.1/hansard/entries/?format=json&page=138801","previous":"http://info.mzalendo.com/api/v0.1/hansard/entries/?format=json&page=138799","results":[{"id":1404411,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404411/?format=json","text_counter":195,"type":"speech","speaker_name":"Baringo North, UDA","speaker_title":"Hon. Joseph Makilap","speaker":null,"content":" Yes, Hon. Speaker."},{"id":1404412,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404412/?format=json","text_counter":196,"type":"speech","speaker_name":"Hon. Speaker","speaker_title":"","speaker":null,"content":"Go ahead."},{"id":1404413,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404413/?format=json","text_counter":197,"type":"heading","speaker_name":"","speaker_title":"","speaker":null,"content":"DELAYED PAYMENT OF PENSION TO EMPLOYEES OF DEFUNCT PYRETHRUM BOARD OF KENYA"},{"id":1404414,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404414/?format=json","text_counter":198,"type":"speech","speaker_name":"Hon. Joseph Makilap","speaker_title":"","speaker":null,"content":"(Baringo North, UDA)"},{"id":1404415,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404415/?format=json","text_counter":199,"type":"heading","speaker_name":"","speaker_title":"","speaker":null,"content":":"},{"id":1404416,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404416/?format=json","text_counter":200,"type":"other","speaker_name":"","speaker_title":"","speaker":null,"content":"Hon. Speaker, upon the request by Hon. Lisa Chelule, Member of Parliament for Nakuru County, we sought a response from the Cabinet Secretary for Finance and National Planning as a Committee. Their response is as follows: The Pyrethrum Processing Company of Kenya (PPCK) was incorporated on 8th November 1963 as a limited company. It is a subsidiary company of the Pyrethrum Board of Kenya with Pyrethrum Board of Kenya having almost 100 per cent shareholding. According to the State Corporations Act, CAP 446, the PPCK, being a subsidiary of a State Corporation, is by law a State Corporation. Upon the commencement of the Agriculture and Food Authority Act of 2013, PPCK assumed the commercial functions of the Pyrethrum Board of Kenya. The Agriculture and Food Authority (AFA) became a regulator of the pyrethrum industry by creating a directorate. These reforms in the pyrethrum industry resulted in liberalisation, attracting new players at various levels of the value chain. This resulted in AFA licensing four pyrethrum processers, including PPCK and other pyrethrum processing companies which are privately owned. The Pyrethrum Board of Kenya Staff Superannuation Scheme was established on 1st January 1991. It was constituted as defined benefit scheme. Under the scheme, employees contributed five per cent and the employer, 15 per cent. The Pyrethrum Board of Kenya, the employer, started failing to remit pension contributions around 2003 to the Scheme Administrator, Barclays Bank. The PPCK business performance resulted in losses persistently since 1997. The company, for a long time, failed to remit staff statutory and other employee voluntary contributions to relevant authorities and institutions. Following several reminders by the Retirement Benefits Authority for Pyrethrum Board of Kenya to surrender non-core assets to the scheme to avoid members missing their monthly pension, RBA lodged Petition No.24/2012 at Milimani Commercial Court to wind up the scheme. On 1st December 2016, the court directed the scheme to be wound up, and sponsors' assets be liquidated to generate funds to pay the pensioners. Subsequently, in adherence to an Order of the High Court, the scheme was liquidated on 26th May 2017 and the official receiver was appointed. The official receiver, as a liquidator, had explored various avenues to secure funding of the pension scheme in order to settle the debt owing to PPCK pensioners and other beneficiaries. One of the avenues available to the receiver was the disposal of non-core assets of PPCK. To date, more than 70 out of 444 pensioners have passed on without receiving their dues. A Cabinet Memorandum on the transfer of the non-core assets of the Pyrethrum PPCK to the scheme was submitted to the NDITC in May 2021. However, a decision is yet to be The electronic version of the Official Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor"},{"id":1404417,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404417/?format=json","text_counter":201,"type":"other","speaker_name":"","speaker_title":"","speaker":null,"content":"made. The PPCK’s Board of Directors, at a meeting on 6th May 2022, passed a resolution that approved a transfer of 13 non-core assets valued at Ksh1,151,792,000 to the official receiver to settle long outstanding dues to pensioners and beneficiaries of the Pyrethrum Board of Kenya Staff Superannuation Scheme. The Attorney-General vide letter WC24/2012 dated 23rd May 2022 supported the transfer of non-core assets of PBK to pay pensioners. Subsequently, the National Treasury vide letter TNT/PENS/12/5 dated 19th August 2022 advised that the transfer of 13 earmarked parcels of land to the official receiver to offset their pension deficits awaits a decision of the Cabinet. The National Treasury vide a letter TNT/PENS/12/5 dated 15th February 2024 requested the Cabinet Secretary, Ministry of Agriculture and Livestock Development, to initiate a Cabinet Memorandum to facilitate the transfer of identified non-core assets of PPCK formally PPK to offset pension deficits. The National Treasury is concerned about the suffering of this group of beneficiaries who have visited us to follow up on the status of pension dues. The last visit was on 31st January 2024. Towards addressing this kind of situation, now and in the future, the National Treasury, as a matter of principle and policy, requires all Government entities to manage their liabilities without recourse to the national Exchequer. It is on this basis that all pension schemes sponsored by State Corporations were converted, at the beginning of the 2010/2011 Financial Year, from defined benefits to defined contribution schemes. This is in order to minimise liabilities of State Corporations and, by extension, contingent liabilities to the national Exchequer. In conclusion, the National Treasury and Economic Planning remains available to support the Committee when called upon to respond in respect to the settlement of pension dues to the PPCK pensioners."},{"id":1404418,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404418/?format=json","text_counter":202,"type":"speech","speaker_name":"Hon. Speaker","speaker_title":"","speaker":null,"content":"Hon. Lisa Chelule. You have heard the Statement. Are you satisfied?"},{"id":1404419,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404419/?format=json","text_counter":203,"type":"speech","speaker_name":"Nakuru County, UDA","speaker_title":"Hon. Liza Chelule","speaker":null,"content":" Thank you, Hon. Speaker for this opportunity to respond to the answers that have been given by the Chairperson of the Departmental Committee on Social Protection."},{"id":1404420,"url":"http://info.mzalendo.com/api/v0.1/hansard/entries/1404420/?format=json","text_counter":204,"type":"speech","speaker_name":"Hon. Speaker","speaker_title":"","speaker":null,"content":"You do not respond; you seek clarification!"}]}