Strat.1 Scrutinise the provisions and implementation of the Pension Reform Act to identify gaps and address emerging challenges in pension management and administration .
Strat.2 • The House will engage with pension stakeholders to achieve a review of pension fund management, ensure employers’ compliance with pension contributory schemes and oversee the enforcement of pension regulations .
Specific Legislative Actions
Strat.1 Yes, the 10th House of Representatives has actively engaged in scrutinizing the provisions and implementation of the Pension Reform Act (PRA) 2014 to identify gaps and address emerging challenges in pension management and administration. Notable actions include the Commitment to Reviewing the PRA 2014; and the oversight visit to the Pension Transitional Arrangement Directorate (PTAD) (https://www.facebook.com/NationalAssemblytv/videos/oversight-visit-to-ptad-house-committee-on-pension/3390986214541045/?utm. https://inspenonline.com/pension/lawmakers-pledge-thorough-review-of-pension-reform-act-2014/?utm)
Strat.2 "Yes, the 10th House of Representatives has initiated efforts to engage with pension stakeholders to review pension fund management, ensure employers' compliance with contributory schemes, and oversee the enforcement of pension regulations. Notable actions include: Engagement with the PTAD during an oversight activities (https://www.facebook.com/NationalAssemblytv/videos/oversight-visit-to-ptad-house-committee-on-pension/3390986214541045/); and the
Through investigative hearings on non compliance by sime PFA (https://www.facebook.com/share/v/1C1AF2Zp1f/)."
INFRASTRUCTURE DEVELOPMENT - Pension
Not started
In progress
Completed
Implementation Strategies
Strat.1 Mandate transparent and frequent audits of pension funds and administrators and impose disclosure requirements on Pension Fund Administrators (PFAs).
Strat.2 Legislate to expand coverage through schemes tailored to include workers in the informal sector
Specific Legislative Actions
Strat.1 N/A
Strat.2 N/A
INFRASTRUCTURE DEVELOPMENT - Pension
Not started
In progress
Completed
Implementation Strategies (STRAT)
Strat.1 Explore the need for legislation to allow a percentage of pension funds to be invested in critical infrastructure projects.
Comments