The speaker of the Bayelsa State House Assembly, Tonye Isenah, says an insurance firm will be engaged to plan pension for members.
Isenah said this yesterday in Yenagoa while receiving members of the Federated Correspondents’ Chapel of the Nigerian Union Journalists (NUJ) Bayelsa State Council.
He said: “We will do the pension bill differently this time, we are going to work with an insurance firm because the legislators have to plan their retirements even if the state government is not going to give us something, but we can get our retirements from our savings.
“Let the insurance company use it to do business and let’s get the profit and plough back so that at the end of our tenure, we will get something apart from the severance package. The insurance company will now be paying us a particular amount for a certain period.
“Our last pension bill failed perhaps because the people were not carried along as there was no public hearing to properly enlighten the masses on the pros and cons of the bill. as a standard practice, all bills in this new legislature must pass through public hearing stage.”
