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Wednesday, August 29, 2007

Amendment of Retirement Benefits Act – Open letter to Hon. Paul Muite

James W. Wang’ondu Nganga
P.O. Box 536
Njoro – 20107


Amendment of Retirement Benefits Act – Open letter to Hon. Paul Muite

Dear Mheshimiwa Paul Muite

This letter serves to remind you about your commitment to move an amendment to the Retirement Benefits Act to enable those of us who retired on or after 1st January 2006 to draw the balance of our pensions, and not therefore have to wait until we reach the age of 55 years.

I am one of several affected by the law enacted by former finance minister David Mwiraria and was therefore very excited to read about your proposal to move for an amendment to the Act because I am in dire straits like many others. Both my matatus are grounded and my wife, two school going sons and myself are now heavily relying on our two daughters based in Denmark.

This is not fair on the two young ladies who are in their early twenties.

I am to blame to a very big extent because of silly investment blunders I made in the middle of last year, and I am desperate to remove the burden we have placed on our two young daughters and move on. Mheshimiwa, I simply cannot afford to wait for another 9 years to draw the balance of my pension, and urge you to press with the amendment to the Act before H.E. the President disbands parliament to pave way for this year’s elections.

Even if President Kibaki assents to the amendment, we would still have to possibly wait until 1st July 2008 to access the funds because the processes are lengthy at both Treasury and the Fund Managers. But this is okay, because we would be able to plan with a 1st July 2008 due date in mind.

Please do not forget our plight Mheshimiwa and please plead with your fellow members of parliament for support, to avoid a situation where the amendment to the act is defeated in the same way that the bill to reserve 50 nominated seats for women MPs was defeated.

We are with you Mheshimiwa Muite. This is a matter affecting many in all the corners of the country. Please do not forget us Mheshimiwa. This is our hour of need.


J.W.W. Nganga (from Njoro, Rift Valley Province, Kenya)

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