The object of this Bill is to amend the National Pension Scheme Act so as to—
(a) revise the penalty rate for delayed payment of contributions;
(b) provide for a waiver of penalties arising from delayed payment of
contributions;
(c) provide for an option to claim for age benefits by a member under
pensionable age under the existing fund; and
(d) provide for matters connected with, or incidental to, the foregoing.