The Contributory Pension Scheme Bill 2023 which was introduced by Rt. Hon. Davies Etta, the member representing Abi State Constituency and Deputy Majority Leader of the House, was passed into law by the Cross River State House of Assembly, during a legislative session held on Thursday, November 2, 2023
According to the Lawmakers, the bill aims to establish a Contributory Pension Scheme for public service employees in Cross River State. It received support from nine co-sponsors and was initially presented on Tuesday, July 4, 2023. Following further deliberation, it was read for the second time on Wednesday, July 5, 2023.
The bill’s journey towards becoming law was characterized by a rigorous and thorough examination. It was subsequently referred to the House Committee on Judiciary, Public Service Matters, Public Petitions, and Conflict Resolution for an in-depth study and a comprehensive report back to the House.
The ultimate decision was reached on November 2, 2023, as the Cross River State Assembly overwhelmingly voted to pass the Contributory Pension Scheme Bill into law.
This landmark legislation is designed significantly to enhance the welfare and living standards of pensioners across the state. It reflects the government’s commitment to providing financial security and a better quality of life for those who have devoted their careers to public service. The bill represents a crucial step forward in ensuring that the retirements of public service employees in Cross River State are secure and dignified.
The passage of the Contributory Pension Scheme Bill 2023 has been met with widespread acclaim and is viewed as a major stride towards achieving greater social and financial stability for retirees and public service workers in Cross River State.
Chief Press Secretary to the Speaker