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THE CONTRIBUTORY PENSION SCHEME: WHAT YOU NEED TO KNOW.
The contributory pension scheme (CPS) is an arrangement whereby employees and employers are mandated to collectively contribute a percentage of an employee’s emolument from where the employee will be paid retirement benefits.
The Scheme (CPS) was established by Section 3 of the Pension Reform Act, 2014 and is regulated by the National Pension Commission.
The CPS ensures that every worker receives his retirement benefits as at when due and mitigates the challenges faced by pensioners in our today Nigeria.
The scheme also guarantees protection of the pension assets with:
1. Pension assets cannot be used to meet the claim of creditors, be seized, be sold be granted as loan.
2. Benefits can be paid to beneficiaries of a deceased contributor.
3. Pension assets cannot be subject to execution of a judgment or estopped from being transferred to another custodian.
The contributory pension scheme which is indeed commendable guarantees every contributor his/her entitlements and withdrawal upon fulfillment of the requisite conditions as stipulated by section 7 of the Pension Reform Act.
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We are delighted to have represented Hon. Selekaye Victor Ben; winner of the House of Assembly Election in Southern Ijaw Constituency IV, Bayelsa State before the National and State House of Assembly Election Petition Tribunal in Bayelsa State, and also at the Court of Appeal, Port-Harcourt Division successfully.
2023-07-30
The existence of a right to die via euthanasia, also known as mercy killing and assisted suicide, is a question that crosses geographical boundaries and legal systems. Globally, prevalent jurisprudences prohibit and criminalizes assisted suicide and euthanasia. However, due to improvements in medical technology that have significantly increased our capacity to sustain and lengthen human life well beyond what was previously attained, along with a corresponding expansion of human rights law, many nations, including Belgium, the Netherlands, etc., have legalized euthanasia and assisted suicide. As a matter of fact, Switzerland was the first Country in the world to legalize assisted suicide in 1941. The right to life is unquestionably recognized on universally. The core issue in the ongoing discussion over euthanasia is whether or not there is a countervailing argument.
2023-12-05
