Members of the National Assembly will this week continue reviewing the long waiting Public Service Pensions Bill, which is being spearheaded by the National Assembly Joint Committee on Finance and Public Accounts and Public Enterprises.
Last Friday, top government officials including Vice President Dr Isatou Touray, Chairman Public Service Commission and Director Civil Service Reform were at the parliament as lawmakers review the bill.
“The Vice President, Chairman Public Service Commission, Director Civil Service Reform who was representing the Permanent Secretary Personnel Management Office, and the technical team returned to the National Assembly on Friday 25th, June 2021 to continue the review of the Public Service Pensions Bill, 2021. The review is being spearheaded by the National Assembly Joint Committee on Finance and Public Accounts and Public Enterprises.
“After successful discussions, the meeting agreed to adjourn until next (this) week for a final meeting to conclude on the only outstanding issue. The Vice President who is the mover of the bill, was thus requested to provide further analysis and simulation on the formula for calculation of pensions and gratuity benefits in order assist conclude on the matter,” a statement from PMO said.
“Furthermore, the Joint Committee also requested Vice President and team to once again incorporate all the agreed proposed amendments in the bill and submit to the Assembly. This will enable them finalise their report and facilitate consideration during the current legislative session.
“Finally, it could be recalled that the new Public Service Pensions bill seeks to repeal the current 1950 Pensions 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 pension’s administration,” it added.