The objects of this Bill are to—

(a)

continue the existence of the National Pensions Scheme

Authority and re-define its functions;

(b)

re-constitute the Board of the National Pensions Scheme

Authority and re define its functions;

(c)

continue the existence of the membership, contributions

and benefits structure under the National Pension

Scheme and provide for its administration and

management;

(d)

provide for the establishment of sub-schemes;

(e)

establish the National Pensions Scheme Fund and provide

for its administration and management;

(f)

provide for the registration of employers and members;

(g)

provide for the payment of pensions contributions;

(h)

provide for the payment of benefits;

(i)

repeal and replace the National Pensions Scheme Act,

1996; and

(j)

provide for matters connected with, or incidental to, the

foregoing.