Lagos State Assembly to amend pension reform law

Lagos State House of Assembly on Monday during plenary proposed to amend the Lagos State Pension Reform Law, CAP L52, Laws of Lagos State, 2015 and Cap C136, Amendment of 2018.

The Speaker, Mudashiru Obasa who presided over the plenary said: “The issue of pension has become a very disturbing one in the state as every one of us has a retiree who has been complaining about their inability to access their retirement benefits.

“This bill goes beyond the 21 days’ notice and there is a need for us to address the Bill. It should be thrown open and giving total overhauling.”

He added that “The Bill is complicated as this is the third time that we will be addressing the issue of pension. So we will take this opportunity to give it a global look and allow those retirees that have been denied the opportunity of accessing their benefits to come and be part of it.

“Also the professionals along this line to come on board and tell us what should be done so that we can have a perfect work on the matter and have a lasting solution “

Oluyinka Ogundimu, Chairman Committee on Establishments, Training, Pensions and Public Service while highlighting the proposed amendment stated that it is recommended that the provisions of section 89 (2) of the Pension Commission Act and Guidelines issued by it should apply instead of the State having its own provision.