PENSION REFORM (AMENDMENT) ACT 2011

DOWNLOAD OF A COPY OF THIS LAW IS AVAILABLE [N1,500 (PDF)] CLICK HERE FOR ONLINE PAYMENT. PDF COMPENDIUMS OF ALL THE LAWS OF NIGERIA, LAGOS AND OTHER STATES ARE ALSO AVAILABLE. EMAIL: lawnigeria@gmail.com or info@lawnigeria or Text/WhatsApp +23407067102097

DOWNLOAD (PDF-N1500)

[EDITOR’S NOTE: THIS ACT HAS BEEN REPEALED BY THE PENSIONS REFORM (REFORM AND RE-ENACTMENT) ACT, 2014

PENSION REFORM (AMENDMENT) ACT, 2011

[EDITOR’S NOTE: This amendment Act to the Pension Reform Act No.2 of 2004 has been repealed, along with the principal Act, by the Pension Reform Act, 2014]

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.

PENSION REFORM (AMENDMENT) ACT, 2010

ARRANGEMENT OF SECTIONS

1. Amendment of Act No.2 of 2004.

2. Amendment of section 8.

3. Citation.

PENSION REFORM (AMENDMENT) ACT, 2011

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]                                                                            (7^TH APRIL, 2011)

ENACTED by the National Assembly of the Federal Republic of Nigeria –

1.       Amendment of Act No.2 of 2004.

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.       Amendment of section 8.

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 exempted from the scheme”.

3.       Citation.

This Bill may be cited as the Pension Reform (Amendment) Act, 2011.

ALPHABETICAL INDEX TO THE LAWS OF NIGERIA (UPDATED)

LAWS MADE BY THE NATIONAL ASSEMBLY OF NIGERIA [1999 – 2019]