Ledama Olekina

All parliamentary appearances

Entries 3741 to 3750 of 4219.

• 5 Dec 2018 in Senate: Thank you, Mr. Deputy Speaker, Sir view
• 5 Dec 2018 in Senate: Thank you, Madam Temporary Speaker for giving me an opportunity to contribute to this very important Bill. I will go straight to the point without deliberating. I support the Bill. I love this Senate because what we do here is to protect the interests of our counties and their governments. This Bill is quite timely. I am sure during the Third Reading of this Bill we will be proposing some amendments. I am happy that this Bill is proposing to set up an umbrella pension scheme with better benefits than what currently exists. I always sympathize with employees of the ... view
• 5 Dec 2018 in Senate: It is very uncouth and uncomfortable for people who have retired to keep coming to Nairobi chasing their unpaid dues. In fact, in this legislation that we are proposing, we The electronic version of the Senate Hansard Report is for information purposesonly. A certified version of this Report can be obtained from the Hansard Editor, Senate. view
• 5 Dec 2018 in Senate: should come up with an amendment that sets up a time limit on when someone should receive their payment. I should not come and follow up my retirement dues. view
• 5 Dec 2018 in Senate: This is one of the provisions which I will be recommending; that we bring in some amendments so that everyone, regardless of age, can join this pension fund. I am happy that this Bill is trying to bring in some order. There are a few provisions which are provided for in the Public Finance Management (PFM) Act, if you look at Section 157(2) which says- “(2) A receiver of county government revenue is responsible to the County Executive Committee member for Finance for ensuring that the revenue for which the receiver is responsible, is collected or recovered, and is accounted ... view
• 5 Dec 2018 in Senate: I would like to borrow something from the PFM Act, which we can put here based on the Fund manager. I heard my sister, Sen. Farhiya talking a lot about the Fund manager. I wanted to clarify that a Fund manager is someone like Britam, who invests the money on behalf of the Scheme – which I support. When I was in the United States of America (USA), I used to contribute under the 41K. I used to get monthly statements showing how much I had contributed and how much I had earned in returns from the Fund manager. view
• 5 Dec 2018 in Senate: What this Bill does not provide for – which is something that concerns me – is where and when the profits are being redistributed. The Bill is silent on the issues of losses. Suppose whatever has been invested out there, the Fund managers in that particular year did not make any money and you are supposed to pay these fund managers from the profits of the investments, how are you going to be able to pay them from the losses of the investment? view
• 5 Dec 2018 in Senate: Madam Temporary Speaker, that is one of the things that we have to be very careful, so that the money that our county government staff are contributing, which is being proposed is 7.5 per cent--- In fact, what I would even suggest is that the 7.5 per cent should be an option, because some people would want to contribute more. For example, when I came to Bunge there were so many companies coming here telling me to join their Sacco and contribute a certain amount of money. view
• 5 Dec 2018 in Senate: I am sure that there are so many Members of Parliament here who are contributing to three or four Saccos because by the time they retire, they can go to them and try to claim their money. The provision that proposes to reduce the contribution from 12 to 7.5 per cent, that should actually be left open. It should be an option where, as an employee of the county government you are given an option; you are asked whether you willing to contribute 12 per cent or 7.5 per cent. There should be some form of flexibility in the employees‟ ... view
• 5 Dec 2018 in Senate: Madam Temporary Speaker, I am happy with what the employer will contribute; 15 per cent is very good. However, on that note, I am happy that this Bill introduces punitive measures for counties that fail to contribute. In fact, my proposal would be that, just like in the PFM Act, where a fund receiver on behalf of the county government provides quarterly reports to the National Treasury and to the Commission on Revenue Allocation (CRA), we should find a way of ensuring that anyone or any county The electronic version of the Senate Hansard Report is for information purposesonly. A ... view