Joseph Kirui Limo

All parliamentary appearances

Entries 1531 to 1540 of 2163.

• 3 Jul 2018 in National Assembly: Therefore, in the proposed amendments we will be making, we are proposing to ensure that there will be no mix up between the old schemes and the new schemes. We would love to have the new scheme start afresh with fresh assets and liabilities. So, the old Members who are in the old schemes will have an option of joining the new scheme so that when they retire they will have benefits from the old scheme together with the benefits from the new scheme upon closure. That is a practice even when the Government proposed a departure from defined benefits ... view
• 3 Jul 2018 in National Assembly: I had the benefit of working for Unilever which is a multinational corporation. It used to have defined benefits scheme but it was stopped and they started defined contribution. The old 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: employees were allowed to continue with the old one as well as join the new scheme so that upon retirement, one gets the benefits from the two. In any case, most of the old schemes were operating a providence fund which was a one off thing. You would get one benefit and that is it as opposed to the current one where Members retire, get a one off and continue earning monthly payments. view
• 3 Jul 2018 in National Assembly: So, we will be proposing an amendment. To stop county governments from running down the pension funds in future, this Bill under clauses 48, 49 and 50 is proposing very stiff penalties. In fact, it is proposing a penalty which in the opinion of our Finance Committee, is low. We are proposing stiff penalties so that we force the county governments who will then be the owners of this particular Bill to ensure they remit contributions by their employees. If they fail, there will be serious penalties which will be meted upon them. There is another proposal to reduce contribution ... view
• 3 Jul 2018 in National Assembly: Currently, they contribute 12 per cent and they are taking into account the various allowances. That is not a good practice and so if you reduce the rate to 7.5 per cent and you have reinstated them, it will be a percentage based on basic pay and they will be worse off. So, we will be proposing that we retain the rates at 12 per cent but revert to the normal basic pay. We cannot take allowances that have variations. view
• 3 Jul 2018 in National Assembly: As I end so that other Members have an opportunity to contribute, there is another group of Members who I want to speak to; the former Councillors Association. It is not within the scope of this pension scheme to cover them. However, we sympathised with them. The former councillors went home with no retirement benefits, and they were not Members of any pension scheme just like the former Members of Parliament. The previous Parliaments had a recommendation at some point to have a one off payment for the former MPs. If you look at the former councillors, they are in ... view
• 3 Jul 2018 in National Assembly: At a later stage, this House must look for a way out. This is because they will not be incorporated here. This is a contributory scheme and they will not have a chance to contribute to this one. Maybe at a later stage they were proposing that they will bring a petition to this House. I will ask this House at a later stage without anticipating debate that we support them so that they can even get a one off payment to help them settle their domestic needs. view
• 3 Jul 2018 in National Assembly: Finally, if we want the county governments to remunerate and help their employees in future to have a good life, it will be good that we move with speed and ensure we have a Bill and an Act of Parliament to manage pensions in county governments in one way or the other. view
• 3 Jul 2018 in National Assembly: I beg to second. view
• 28 Jun 2018 in National Assembly: Thank you, Hon. Speaker. I stand to second. view