Even with the delays and long debates on the pension draft bill members of parliament are hopeful that the bill will be finalized soon.
MP Gastone Rusiha says that the committee is doing its best to have the debates completed as soon as possible since they have spent a month discussing the draft bill.
“We are now left with only eleven articles. We are confident that we will be done soon” he said.
In the ongoing debates Members of Parlimemnt are discuss guidelines that will ensure proper management of pension schemes, and protection of rights of employees.
Hon. Marie Rose Mureshyankwano, the Parliamentary Social Affairs committee chairperson says that the new bill once approved will bring many changes in the 2011 draft pension bill that Rwanda has been operating on.
The new bill will ensure that all employees have their rights to pension and give Rwandans the flexibility to choose their pension schemes. There are many family issues especially rights of beneficiaries to pension benefits that will be streamlined” she noted.
During the debates on articles, the parliamentary committee endorsed that the retirement age remains at 60, suggested a compulsory insurance and guareantee of pension benefits so that citizen can be sure to get their benefits.
Less than 10 per cent of Rwanda’s working population saves with the pension scheme, which denies the country chances of marshalling an appropriate level of savings to finance development activities