PRA 2014: Legislations halt implementation in states

Anohu-Amazu

Chuks Udo Okonta

Implementation of the Pension Reform Act (PRA) 2014 in states of the federation has to wait until the Houses of Assembly pass into law the new amendments provided in the Act, Inspen has learnt.

The Director-General Lagos State Pension Commission (LASPEC), Rotimi Hussain, who disclosed this in Lagos, said the state is yet to implement the new  provisions, as the state's legislators have to incorporate them in the state's pension law.

He noted that the state being at the fore-front in pension matters and well being of its workers is presently considering the new provisions.

Director-General National Pension Commission (PenCom) Chinelo Anohu-Amazu, at the conference on pension reform act 2014, organized in Lagos, last week, appealed to states and local governments in the country to embrace the contributory pension scheme.

"However, the PRA 2014 has taken states and local governments participation in the CPS to the next     level by express legislation statement on coverage of employees of states and local governments.      

"I would therefore like to passionately appeal to all the states and local governments in Nigeria that are yet to adopt or implement the CPS to quickly embark on doing so in order to avail themselves and their employees of the numerous benefits of the scheme," she said.