16 Oct 2018 in National Assembly:
We are proposing to do the same on Clause 49 because Clause 49 was proposing Kshs500,000 and/or three years. So, we are putting five years and two years to be in line with Clause 48.
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16 Oct 2018 in National Assembly:
Hon. Chairman, I beg to move: THAT, the Bill be amended by deleting clause 52. Clause 52 was providing the phasing out of contribution by members of staff who were previously working for the national Government and were transferred to the county government. Therefore, it was phasing out to give them some advantage. We found that this was discriminatory and we are proposing to delete it so that everyone contributes in the same manner regardless of whether you were transferred from the national Government, you were newly employed or you were in the county council.
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16 Oct 2018 in National Assembly:
We are making a further amendment. Hon. Chairman, I beg to move: THAT, the Bill be amended in Clause 53 by inserting the following sub-section immediately after subsection (2)- (3) The LAPTRUST (Umbrella) Retirement Fund Trust Deed and Rules registered under the Retirement Benefits Authority Act are revoked. The amendment proposes to repeal the Local Authorities Provident Fund (LAPFUND) and revoke the Local Authorities Pension Trust (LAPTRUST), which was a different fund. We are now adding this one. The reasoning is that at the commencement of this Bill, without The electronic version of the Official Hansard Report is for information ...
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16 Oct 2018 in National Assembly:
anticipating debate, those old funds will be closed on transition after five years. Therefore, Clause 53 will come into effect then because they will either be repealed or revoked.
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16 Oct 2018 in National Assembly:
(Kipkelion East, JP)
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16 Oct 2018 in National Assembly:
(Kipkelion East, JP)
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16 Oct 2018 in National Assembly:
Hon. Chairman, I beg to move: THAT, the Bill be amended in Clause 56 by – (a) deleting subsection (2) and substituting therefor the following new paragraphs – (2) The Local Authorities Provident Fund, the Local Authorities Pension Trust, the Local Authorities Pension Trust (Defined Benefits) Scheme and the Local Authorities Pension Trust (Umbrella) Retirement Fund shall, on the commencement date remain closed Funds to new entrants and shall ensure the preservation of all accrued rights of members. (3) Subject to subsection (2), the closed funds shall continue paying any pensions and benefits as and when they fall due for ...
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16 Oct 2018 in National Assembly:
allowed to recruit new members. Any new employees employed by county governments will join the new scheme directly. The new scheme will be the only one running but after five years, all of them will be closed and they will be managed by the transition clause, which we will look at later when we consider New Clause 54A.
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16 Oct 2018 in National Assembly:
Hon. Chairman, I beg to move:
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