Charles Muriuki Njagagua

All parliamentary appearances

Entries 81 to 90 of 345.

• 14 Nov 2018 in National Assembly: Hon. Deputy Speaker, thank you for that well considered ruling. Hon. Deputy Speaker, I beg to move that the County Pension Scheme Bill, National Assembly Bill No. 49 of 2017, be now read a Second Time. The main crux of the Bill is that after the promulgation of the Constitution in 2010, there was no single piece of legislation that was going to cater for pensioners in county governments. As we speak today, many employees of the county governments do not save their money. We must appreciate that the benefits of saving are myriad. We have seen a situation where ... view
• 14 Nov 2018 in National Assembly: Hon. Deputy Speaker, the trustees will come from various organisations. The trustees will be drawn from representatives of the Council of Governors (CoG), the county assemblies, the Public Service Commission (PSC), county assembly bodies, and at least five other members. We must appreciate that in all those representative bodies, the pensioners will be well catered for, in that they will have trustees from all the various organisations I have stated. Of much interest is that the representative from the PSC will sit on the matter of gender balance so that if the other representatives from the other organisations do not ... view
• 14 Nov 2018 in National Assembly: A trustee may also, in his own volition, cease to be a trustee if he resigns, or if by death, or if the member is negligent in the performance of his duty, or misconducts himself. If he is outright incompetent in performing his duties the board may, in its own volition, appoint or co- opt members who will assist it in furtherance of board’s duties. Any such people that they co-opt may not exceed five, but they may be a minimum of three members. view
• 14 Nov 2018 in National Assembly: The board also has a prerogative of appointing a sharia supervisory committee. These will be members who are conversant in sharia law who will advise the board on matters of view
• 14 Nov 2018 in National Assembly: law. Any trustee appointed will serve for a term of three years and is eligible for renewal of his term for a final term of three years. Since the money and the resources of the board are limited, the trustees will serve on part-time basis. Members of this scheme will be contributing 12 per cent of their pensionable emolument while the sponsor who is the employer will contribute 15 per cent of the member’s pensionable emolument. In total, the scheme will be receiving about 27 per cent of the workers’ pensionable emoluments. This will go a long way in assisting ... view
• 14 Nov 2018 in National Assembly: This Bill also proposes that the board will appoint an administrator. The administrator will be a corporate body. This corporate body will be a company formed under the Companies Act and under the provisions of this Bill. The administrator will be able to take care and manage the resources and the investments of the members. The sponsors and the employees will keep proper books of accounts of the scheme and file necessary and mandatory statutory notices. At the beginning of each financial year, the administrator will give estimates and expenditure of the scheme. view
• 14 Nov 2018 in National Assembly: The Bill also proposes that we shall have tenure of office, which I have said will be three years. The trustees will be remunerated for the reasonable work they do. Once a vacancy arises, the relevant Cabinet Secretary will be in a position to fill that vacancy as per the provisions of this Act. The administrator will again be able to take care of the investment and the surplus funds of the scheme and also give audited accounts. The board will formulate policies related to the scheme. It will also collect contributions from the members and pay various benefits to ... view
• 14 Nov 2018 in National Assembly: governments, languishing in poverty after retirement. We know that after retirement one gets more beating in terms of medical bills to pay. Others pay school fees for their children. It is this pension that will assist them in meeting their basic needs. Hon. Members have said that Parliament, on its Motion or on being petitioned by anybody, can amend the Pensions Act. With those remarks, I beg my colleague, the Chairman of the Departmental Committee on Finance and National Planning, Hon. Limo, to second. view
• 14 Nov 2018 in National Assembly: Is the Hon. Member in order to revive a debate that was concluded by the previous Speaker who gave a ruling that Members can proceed and debate this Bill? He is now reviving the same issue. Is he in order to revisit that same matter 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
• 14 Nov 2018 in National Assembly: barely two hours after a ruling was given by the Speaker? If he was not in the House, he should refer to the HANSARD. view