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4 May 2022

Memorandum on amendment bills on Pension Reform Act

On Tuesday 22nd February 2022, the House of Representatives Committee on Pension held a Public Hearing on two Bills all seeking to amend the Pension Reform Act 2022. The first Bill, “A Bill for an Act to amend the Pension Reform Act 2014 to provide for the exemption of the Nigerian Police Force from the Contributory Pension Scheme and for related matters”,

On Tuesday 22nd February 2022, the House of Representatives Committee on Pension held a Public Hearing on two Bills all seeking to amend the Pension Reform Act 2022.  The first Bill, “A Bill for an Act to amend the Pension Reform Act 2014 to provide for the exemption of the Nigerian Police Force from the Contributory Pension Scheme and for related matters”,  was sponsored by Hon. Francis Ejiroghene Waive, while the second Bill,  “A Bill for an Act to amend Sections 1 (c), 7(2), 8(1), 18, 24 and 99 of the Pension Reform Act cap P50 LFN 2014 providing that a pensioner shall receive at least 75% of his retirement benefits immediately upon retirement and criminalise the undue delay in the payment of pension”, sponsored by Hon. Jimoh Aremu Olaifa. - Vanguard Online