Sunday, March 7, 2021

Pensioners Get Le230,000 More in 2019

Must Read

Political Party Marshals Banned

The Security Sector in Sierra Leone has placed a ban on the cultivation, grooming and use of Marshals by...

Port Logo District Receives First Resident Judge

By Judiciary of Sierra Leone Communications Unit The Stakeholders of Port Loko District, North-West Region has joyfully received the first...

Patricia Laverley, Ngozi Okonjo-Iweala, Julia Gillard Discuss Women, Leadership

Ahead of the 2021 International Women's Day on Monday March 8, Sierra Leone’s Deputy Minister of Finance Hon. Dr....

 

He further disclosed that the government would also harmonize the pension laws as there are multiple pension laws that create opportunities for certain categories of pensioners to receive several pension payments from the Consolidated Revenue Fund.

He added that this situation exists because the NASSIT Act of 2001 did not give consideration to the existing pension laws such as the State Salaries, Pensions, Gratuities and Other Benefits Act 2001, which makes it possible for some workers to receive two pensions when they retire.

“To address the issue of multiple pensions, Government will review all pension laws with a view to harmonizing them and ensuring that a pensioner is entitled to only one source of pension,” he said, adding that for far too long retirees have been suffering owing to the erosion of the real value of their pension payments.

He went on to say that some significant number of pensioners receive less than Le20,000 per month as pension payment, which automatically classifies them as extremely poor people, adding that with such paltry amount, pensioners cannot even meet their basic food needs let alone other necessities.

The minister went on to inform lawmakers on Friday, November 1, while presenting the 2019 Appropriation Bill that Members of Parliament should receive support from MDAs to monitor various project sites but without efficacy.

He said the Parliament Oversight Committee on Public Sector Projects has been weak largely as a result of inadequate resources to monitor various project sites.

The minister noted that in order to enable lawmakers undertake independent and effective oversight of public sector projects, provision has been made for the procurement of vehicles, supply of fuel and payment of allowance to the relevant committees in parliament.

He added that the reports from parliamentary oversight visits will not only inform parliament actions but also feed into the national monitoring system.

- Advertisement -
- Advertisement -

Latest News

Political Party Marshals Banned

The Security Sector in Sierra Leone has placed a ban on the cultivation, grooming and use of Marshals by...

More Articles Like This

- Advertisement -