Benson Makali Mulu

All parliamentary appearances

Entries 991 to 1000 of 2344.

• 3 Jul 2018 in National Assembly: The other thing is the issue of contributory scheme. The member will contribute 7.5 per cent of his salary and the employer 15 per cent. This is very important. The former councillors will not benefit. That is a challenge because we have people who were employed and nobody thinks about their retirement. We do not need to see how they can be sneaked in here but the Government needs to think seriously about a fund which can accommodate their needs. It should not be a contributory scheme because they are not employed and cannot contribute. Those are the issues which ... view
• 3 Jul 2018 in National Assembly: are at around 8 or 9 per cent of the GDP. The recommended rate is about 25 per cent, so that you can generate growth out of your locally generated resources. We need to encourage Kenyans to save. I really like this idea where people contribute to retirement schemes because at the end of the day, they will save but it is forced saving which is good for the country. view
• 3 Jul 2018 in National Assembly: The other thing which we need to consider is life expectancy. It is important for the Chair and the Vice Chair to know that life expectancy in this country is 63.4 years. Life expectancy of men is 61.1 years and that of women is 65.8 years. This means that on average, women live longer than men. In the situation where our retirement age is 60 years, then it means that most of the people will retire and access these amounts for at least one year and then die. That is what these statistics imply. We need to think about a ... view
• 3 Jul 2018 in National Assembly: I want to give my last point, so that I can allow another Member to say something. There is the benefit you get as a result of saving through a pension scheme. There is tax relief. Taxation is made easier for you. If you are contributing to a retirement scheme, there is some percentage which you are allowed not to pay. Kenyans should be educated, so that they take advantage of that. They should know that when they save in a retirement scheme, they benefit from tax relief. That is critical for the country. view
• 3 Jul 2018 in National Assembly: The other thing is that there is corruption in most of these retirement schemes. You are aware about the NSSF. There is a time in this country when the NSSF was involved in corrupt deals. That does not send the right signal to those who are saving for retirement. It discourages them when they see their earned resources, which are saved for retirement, being misappropriated by the administrators and the fund managers. I want to support what the previous Member said that it is important that we separate the fund manager, administrator and custodian. That is the best international practice. ... view
• 3 Jul 2018 in National Assembly: With those few remarks, I support the Bill. view
• 26 Jun 2018 in National Assembly: Thank you, Hon. Temporary Deputy Chairman. I also rise to support that amendment. However, I want to make the observation that this debt has been outstanding for quite some time. It is high time... 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
• 26 Jun 2018 in National Assembly: Hon. Temporary Deputy Chairman, this debt of the Lake Basin Development Authority to construct a mall has taken a lot of time to be settled. We discussed this matter in the Budget and Appropriations Committee in the 11th Parliament. It is a number of years ago. If it is possible, it is high time the Government allocates adequate resources to complete this particular project, so that it can start generating resources for the Government. Otherwise, this idea of paying a debt and you do not do it fully is not helping this country. view
• 26 Jun 2018 in National Assembly: I support the amendment. view
• 26 Jun 2018 in National Assembly: Thank you. I join my colleagues in supporting this Motion. This is very important and I hope Kenyans are not seeing it as a Motion 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