PENSION BILL PASSED

Date:

The National Assembly has passed the pension amendment bill that seeks to address concerns by the public over the Pensions Act.

The bill seeks to give the government ample time for the implementation of the civil service pension scheme which was scheduled to start in May this year but failed due to financial constraints.

With the amendment, government will have two more years to start implementing the scheme.

However the most crucial part of the bill amendment was on section 65 of the act which will help employees who have been dismissed before time of retirement to have access to part of their pension funds after six months.

The MCP finance spokesperson Joseph Njovuyalema opposed the decision to have the administrator General and the pension fund administrator, arguing it will prolong the process

However, the Peoples Party spokesperson on Finance Patrick Makina supported the government that the two administrators are not a threat to the process.

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