The Vice President, Chairman Public Service Commission, Permanent Secretary Personnel Management Office, and his technical team returned to the National Assembly on Monday 3rd, May 2021 to continue the review of the Public Service Pensions Bill, 2020. The review is being spearheaded by the National Assembly Joint committee on Finance and Public Accounts and Public Enterprises.
After successful deliberations, the meeting agreed that the mover of the bill shall submit the final copy of the bill incorporating all the agreed changes to enable the joint committee to schedule for a validation. Once validated, the joint committee will prepare a report for the third reading of the bill and subsequent consideration.
The bill when passed will go a long way in improving the living standards of pensioners by enhancing their pension earnings as well as make pensions administration more efficient.
The new public service pensions bill seeks to repeal the 1950 Pension Act and will introduce a contributory pension scheme as opposed to the current non-contributory scheme, and also address the limitations of the 1950 Act in terms of pensions administration.
By Musa Saho
Communication Officer PMO