Reps plan separate pension scheme for NASS
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.
The House is to create a separate body to administer matters relating to pensions for workers in the federal parliament.
At the plenary on Thursday, the House considered and adopted the report of its Committee on National Planning and Economic Development on the legislation titled ‘A Bill for an Act to Amend the Pension Reform Act, 2014 to Exclude/Exempt the National Assembly Service from the Contributory Pension Scheme and Establish the National Assembly Service Pension Board.’
The Chairman of the committee, Olododo Cook, said the proposal was to exempt the personnel of the National Assembly from the Contributory Pension Scheme and to establish a National Assembly Service Pensions Board “to be charged with the responsibility of administering the pensions scheme for personnel of the service.”
Cook stated, “This bill is in consequence of the exit of the service from the application of the contributory pensions scheme under the Pensions Reform Act, 2014.”
The bill seeks to amend Section 5(1)(a) of the Act by inserting the words ‘the National Assembly service’ to read thus: ‘The categories of persons exempted from the Contributory Pension are (a) the categories of persons mentioned in Section 291 of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), members of the intelligence community and the National Assembly service personnel.’