Pension Reform (Amendment) Act, 2011

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PENSION REFORM (AMENDMENT) ACT, 2011
EXPLANATORY MEMORANDUM
This Act amends the Pension Reform Act No.2 of 2004 in order to, among other things, exempt members of the Armed Forces of the Federation and members of the Intelligence and Secret Services from the application of the scheme so as to eliminate the problems associated with the contributory pensions scheme as it concerns the military personnel and members of the Intelligence and Secret Services in line with international best practices.
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PENSION REFORM (AMENDMENT) ACT, 2010
ARRANGEMENT OF SECTIONS
Section:
1. Amendment of Act No.2 of 2004. 2. Amendment of section 8. 3. Citation
PENSION REFORM (AMENDMENT) ACT, 2011
A BILL
FOR
An Act to amend the Pension Act No.2 of 2004 to, among other things, exclude the members of the Armed Forces, Intelligence and Secret Services of the Federation from the application of the scheme; and for related matters.
[ ] commencement
ENACTED by the National Assembly of the Federal Republic of Nigeria -
I. The Pension Reform Act No.2 of 2004 (in this Act referred to as the "Principal Act") is amended as set out in this Act.
2. Section 8 of the Principal Act is amended by substituting for subsection (2), a new subsection "(2)"-
"(2) The categories of persons mentioned in section 291 and members of the Armed Forces of the Federation in section 217 of the Constitution of the Federal Republic of Nigeria, 1999 and members of the Intelligence and Secret Services shall be exem pted from the scheme".
Amendment
of Act No.2,
2004
Amendment
of section 8.
3. This Bill may be cited as the Pension Reform (Amendment) Act, 201 1. (it,ltIO'l
I CERTIFY, IN ACCORDANCE WITH SECTION 2 (1) OF THE ACTS AUTHENTICATION ACT, CAP. A2, LAWS OF THE FEDERATION OF NIGERIA 2004, THAT THIS IS A TRUE COpy OF THE BILL PASSED BY BOTH HOUSES OF THE NATIONAL ASSEMBLY.
SALISUABUBAK'~AIKASUW A, mni CLERK TO--THE NATIONAL ASSEMBLY
/5fJAY OF APRIL, 2011
Scnenute to the r'ensron xetorm (Amendment) Act, :.Wll
This Bill amends the Pension Reform Act No.2 of 2004 in order to, among other things, exempt members of the Armed Forces of the Federation and members of the Intelligence and Secret Services from the application of the scheme so as to eliminate the problems associated with the contributory pensions scheme as it I concerns the military personnel and ,1 members of the Intelligence and Secret Services In line with i I international best practices. I
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I
(1) , SHORT TITLE OF i THE BILL
I Pension Reform I (Amendment) Act,
1 2011
An Act to amend the Pension Act No.2 of 2004 to exclude the members of the Armed Forces, Intelligence and Secret Services of the Federation from the application of the scheme; and for related matters.
(2) LONG TITLE OF THE
BILL
(3) SUMMARY OF THE CONTENTS OF THE
BILL
(4) (5) DATE PASSED DATE PASSED BY THE SENATE BY THE HOUSE OF
IREPRESENT ATIVES
I certify that this Bill has been carefully compared by me with the decision reached by the National Assembly and found by me to be true and correct decision of the Houses and is in accordance with the provisions of the Acts Authentication Act Cap. A2, Laws of the Federation of Nigeria, 2004.
IASSENT.
3'ct November, 20 10 8th March, 20 II
~r.. ~ SALISU ABUBAKAR MAlKASUW A, mni
Clerk-to the National Assembly I ~ay of April, 2011 .
DR.GOOD K EBELEJONATHAN,GCFR President of the Federal Republic of Nigeria ~ay of April, 2011
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