The Nigerian has passed for a second time a bill for an Act to Amend the Pension Reform Act to provide for a definite percentage a retiree can withdraw from his retirement savings account.
Leading the debate on the bill at the plenary session of Tuesday’s, sponsor of the bill, Senator Aliyu Wamakko said the essence of the bill is to address the plights of retirees in this country.
A cross-section of senators who support the consideration of the bill, said it has come very appropriately, especially having been enacted in 2004 and a review in 2014.
The Bill was subsequently referred to the Committee on Establishment and Public Service Matters for further legislative action and to report back within four weeks.
Meanwhile, the chamber, on Wednesday, stepped down the consideration of a report by the Committee on Aviation on the Nigerian Safety Investigation Bureau (Establishment) Bill, 2021.
Chairman of the Committee, Senator Smart Adeyemi, gave a presentation on the report.
The consideration of the report was, however, suspended midway after the lawmakers identified a “mix-up in the Committee’s report on the bill.
The motion for the report to be stepped down was moved by the Deputy Whip, Senator Aliyu Sabi Abdullahi (Niger North) and seconded by Ahmad Babba Kaita (Katsina North).