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12 July 2021

Lawmakers plan law amendment to tackle pension challenges

The Chairman, House of Representatives Committee on Pensions, Mr Kabiru Rurum, has said lawmakers are planning to review the country’s pension laws to address challenges in pension scheme. Rurum spoke during the 2021 annual

The Chairman, House of Representatives Committee on Pensions, Mr Kabiru Rurum, has said lawmakers are planning to review the country’s pension laws to address challenges in pension scheme. Rurum spoke during the 2021 annual PenOps-NASS retreat in Lagos on Saturday. He said, “The timing of this retreat is also apt as it is coming when the legislature is focusing on the amendment of the 2014 Pension Reform Act. “The amendment aims to address some of the teething challenges currently faced by operators as well as beneficiaries. We are aware of many challenges facing our senior citizens and we are determined as a committee to find a lasting solution to them.” - Punch online