Section 12: Service in the authority to be pensionable. Act No. 4, 2014.

(1) Service in the Authority shall be public service for the purpose of the Pension Reform Act and accordingly, officers and other staff of the Authority shall in respect of their service in the Authority, be entitled to such pension and retirement benefits as are prescribed in the Pension Reform Act.
(2) Notwithstanding the provisions of subsection (1), nothing in this Act shall prevent the appointment of a person to any office on terms which preclude the grant of pension and retirement benefits in respect of that office.
(3) For the purpose of the application of the provisions of the Pension Reform Act, any power exercisable by a Minister or other authority of the Government of the Federation, not being the power to make regulations, are hereby vested in and shall be exercisable by the Board.