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Buhari assents to Intelligence Pension Board Bill

President Muhammadu Buhari has signed into law, the Nigerian Intelligence Pension Board Bill that was passed by the National Assembly in July.

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The National Intelligence Agency Pensions (Establishment) Bill, 2017 as passed by the upper legislative house is to administer the pension scheme for personnel of the agency, following the exit of the agency from the contributory pension’s scheme under the Pension’s Reform Act, 2004.

The bill also saddles the Nigerian Intelligence Agency Pensions Board with the responsibility for payment of pensions and gratuities to all personnel of the Nigerian Intelligence Agency (NIA)

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It would be recalled that the National Assembly through a bill seeking to amend the Pension Reform Act, 2014 moved to exclude para-military agencies which include the Nigeria Police Force (NPF), the Nigerian Security and Civil Defence Corps (NSCDC), Nigeria Customs Service (NCS), Nigerian Prison Service (NPS), Nigerian Immigration Service (NIS) and the Economic and Financial Crimes Commission (EFCC) from the Contributory Pension Scheme (CPS).

 

 

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