Tue. Jul 26th, 2022

HOUSE OF REPRESENTATIVES PLANS SEPARATE CONTRIBUTORY PENSION SCHEME FOR NATIONAL ASSEMBLY.

The House of Representatives has begun the process of pulling out the National Assembly from the Contributory Pension Scheme under the administration of the National Pension Commission.

At the Plenary yesterday, the House passed for second reading, the legislation entitled ‘’A Bill for an Act to Amend the Pension Reform Act 2014 to Exclude/Exempt the National Assembly Service from the Contributing Pension Scheme and Establish the National Assembly Service Pension Board.

Chairman of the House Committee on National Planning and Economic Development, Olododo Cook, who sponsored the bill, said the proposal was to exempt the personnel of the National Assembly from the Contributory Pension Scheme to establish a National Assembly Service Pensions Board.

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