All parliamentary appearances
Entries 1181 to 1190 of 1784.
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5 Dec 2018 in Senate:
In Clause 21, there is the establishment of a Fund manager. This is what I was saying; that we have an administrator and many points of hierarchy. This Fund manager implements the investment policy. He also maintains the books of accounts for all investment transactions relating to the Scheme, provides regular information on investment strategy and performs any other functions that may be assigned in the instrument.
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5 Dec 2018 in Senate:
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 ...
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5 Dec 2018 in Senate:
The Bill also gives transitionary clauses for those who are in other funds who can join this fund. It is a noble idea because it gives a beginning of understanding of saving for future and especially saving when somebody does not have work. It also provides for the payments in retirement benefits to the members and the provision for giving this is also given. It provides a framework to improve the social security for members of the Scheme by ensuring that they save for their retirement and that they are sure they are saving within a specific environment where that ...
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5 Dec 2018 in Senate:
In Clause 4, there is established a County Governments Retirement Scheme. It also gives the various definitions. The Scheme shall be defined as contributory. It will also show the periodic payments through the purchase of annuities, lumpsum payments, income, downturn and such other benefits as approved by the Board. Specifically, this County Government Retirement Scheme will encompass the various components that are key in any sort of scheme of this nature that is to protect the money that is given by various people. The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this ...
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5 Dec 2018 in Senate:
I want to touch a little bit about the penalty clause. That is towards the end of the Bill, in Clause 48, where, for example, it says that a person who – then it gives the various misdemeanours that might happen - commits an offence and is liable on conviction to a fine not exceeding Kshs5 million. Not exceeding Kshs5 million can be Kshs1. Not exceeding Kshs5 million or to imprisonment or a term not exceeding two years or both. This is too open. I think Kshs5 million on the upper end is what is intended, but the lower end ...
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5 Dec 2018 in Senate:
In Clause 40 it states- “Before the commencement of each financial year, the Board shall cause to be prepared estimates of the revenue and expenditure of the Scheme for that year”. I think this is key and important. At the end of the day, annual estimates have been given in advance and this will allow good planning for payment of salaries, allowances and other charges as is indicated in the following sub-clause. All in all, it is a functional Bill apart from one or two issues that have been pointed out.
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5 Dec 2018 in Senate:
I support this Bill.
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4 Dec 2018 in Senate:
Thank you, Mr. Deputy Speaker, Sir. I want to raise the issue of the Integrated Finance Management System (IFMIS) and the need to demystify it. In the Eleventh Parliament, there were discussions that took place about IFMIS and how it is the big link through which money is taken to the counties and utilised. At the county level, it could be that counties are not able to tinker or do something about it. However, it is amazing that almost six years later, the same money sent to counties seems to disappear and is not accounted for. They need to have ...
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29 Nov 2018 in Senate:
Thank you, Mr. Deputy Speaker, Sir, for allowing me to contribute to this Bill. From the outset, I support this Bill This Bill was processed by the Senate during the 11th Parliament and, unfortunately, it did not become an Act of Parliament. It is a clear Bill that tries to show that there is a framework for Early Childhood Development (ECD) education which is critical. In fact, this is part and parcel of the responsibility of county governments as enshrined in Article 4 of the Constitution. This Bill is very extensive. For a long time, most stakeholders in education and ...
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29 Nov 2018 in Senate:
We know that for a long time, some of the centers have operated without registration. This is important especially where a center is giving education and if it is not controlled, it might not be streamlined. It is important to know that in most of these centers, you can find somebody who is not registered or accredited teaching anything in these centers. This Bill corrects that by ensuring that there is a curriculum. According to this Bill, that curriculum must also be followed by private institutions, which are allowed to operate ECD centers but must do so within the framework ...
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