Aden Bare Duale

All parliamentary appearances

Entries 6171 to 6180 of 17810.

• 3 Jul 2018 in National Assembly: Clause 8 of the Bill of Part III proposes to establish the County Government Retirement Scheme Fund to be administered by the board of trustees established under Clause 7. view
• 3 Jul 2018 in National Assembly: Part III of the Bill also provides for the qualification of the trustees: their academic qualifications, tenure of office, the procedure for removal or vacation from office as well as filling of a vacancy in the event it arises in the board. Of course, there are also the powers and The electronic version of the Official Hansard Report is for information purposes only. Acertified version of this Report can be obtained from the Hansard Editor. view
• 3 Jul 2018 in National Assembly: function of the board of trustees, committees of the board, how much allowances they should be paid as well as the conduct of the board. view
• 3 Jul 2018 in National Assembly: Clause 8 talks about the administrative aspect of the board of trustees. Members should be aware that one of the key functions of the board in the Bill includes formulation of policies relating to the scheme. The board has a function to ensure efficient management of the Scheme. It must be managed in a free, transparent and efficient manner in accordance with Public Finance Management (PFM) Act and relevant statutes. The board must ensure prudent management of the Fund’s assets and investments. These are savings of workers. They must ensure prudent use of the funds, management of the assets and ... view
• 3 Jul 2018 in National Assembly: Clause 20 of the Bill provides for the appointment of a Chief Executive officer (CEO) through a competitive recruitment process. He will be the accounting officer of the Scheme and he will be the secretary to the board. Members should look at Part IV of this piece of legislation. It talks about the administration of the County Government Retirement Scheme, how it will be administered. We have talked about the composition of the board, the CEO, functions and their tenure of office and the requirement to protect workers’ investments and resources. view
• 3 Jul 2018 in National Assembly: Part IV provides for the appointment and function of a fund manager, appointment of a custodian and administrator of the Scheme. The Bill provides for the functions of the fund manager, how different it is from that of the CEO. His work will be to implement the investment policy of the Scheme as approved by the board. In most pension schemes all over the world including our country, pension funds are invested in portfolios. So, the fund manager must protect the implementation of the investment policy of the Scheme. They should not invest workers’ money or the pension of workers ... view
• 3 Jul 2018 in National Assembly: The fund manager will also be in charge of the management of the Scheme funds in accordance with the Retirement Benefits Act. So, he must use the Act to manage the scheme funds according to the Act. Finally, the fund manager must maintain the books of accounts and report on investment to the board on a quarterly basis. view
• 3 Jul 2018 in National Assembly: What are the functions of the custodian? We do not want to have duplication of functions. We have said the functions of the fund manager and now we are going to spell out the functions of the custodian of the fund. The custodian has been defined in Clause 24 of the Bill. His function is to receive the total contributions remitted by employers and members. He is also to inform the administrator and the fund manager of such receipt once he receives the money. His other function is to collect dividends for the Scheme, keep safe custody of all title ... view
• 3 Jul 2018 in National Assembly: Hon. Deputy Speaker, Hon. Makali is trying to hold a Kitui Parliamentary Caucus. There are facilities provided for that at the back here. view
• 3 Jul 2018 in National Assembly: Garissa Township, JP): He is with the Member for Ruaraka. view