Section 7: Retirement package.

The retirement packages includes-(a) payment of 500% of annual net emolument shall be paid to retired staff as retirement package at the commencement of the mandatory three months terminal leave;
(b) payment of 300% of annual gross emolument as gratuity shall be paid to retired staff on the terminal or last day of exit;
(c) budgetary provision of 50% of the annual personnel cost shall be paid into the National Assembly Pension Board; and
(d) payment of 50% of annual net emolument shall be paid as medical allowance yearly to retired staff.