PROPOSED AMENDMENTS TO PENSIONS REFORMS ACT FOR A LUMP SUM PAYMENT OF 75% RETIREMENT BENEFITS UPON RETIREMENT
The House of Reps Committee on Pensions has scheduled Tuesday, February 22 for a Public Hearing/Call for Memoranda on the following:
1) A bill for an Act to amend the section of Pensions Reform Act for exemption of Nigeria Police Force from contributory pension scheme and other related matters.
2) A bill for an act to amend sections of the Pension Reform Act by providing that a pensioner shall receive at least 75% of his retirement benefits immediately on retirement, delay of which constitute a criminal act.
The hearing which is slated for 10am will take place at Conference Room 231, House of Representatives New Building, National Assembly Complex, Abuja.