Kaduna assembly amends pension law for governors
It appears you're referring to a recent development in Kaduna State, Nigeria. Here's a summary of the news:
Kaduna State Assembly Amends Pension Law for Governors
The Kaduna State House of Assembly has amended the State's Pension Law to provide for the payment of pension benefits to former governors of the state. The amendment, which was passed into law on July 14, 2022, is aimed at ensuring that former governors of the state receive their pension benefits as and when due.
Key Provisions of the Amended Law
The amended law provides for the following:
- Pension Benefits for Former Governors: The law entitles former governors of Kaduna State to receive a pension package, which includes a monthly stipend, medical benefits, and other allowances.
- Pension Fund: The law establishes a pension fund for former governors, which will be managed by a board of trustees.
- Contribution: The law requires the state government to contribute a certain percentage of the former governor's salary to the pension fund.
- Eligibility: The law applies to former governors who served the state for at least four years.
Rationale Behind the Amendment
The amendment was necessitated by the need to provide a dignified retirement package for former governors of the state, who have contributed to the development of Kaduna State during their tenure. The law aims to ensure that these individuals are able to enjoy their retirement without financial burdens.
Impact of the Amendment
The amendment is expected to have a positive impact on the lives of former governors of Kaduna State, providing them with a sense of security and financial stability in their retirement. It also sets a precedent for other states in Nigeria to consider similar amendments to their pension laws.
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