The Pension Bill

Type: 
Bill
Legislative body of origin: 
Senate
Status: 
Vetoed by president
Sponsor: 
Introduced by: 
Senate
Date introduced: 
November 18, 2014

In the amended law, a former President who was elected and served his/her term successfully and is not re-elected, thus retiring to private life, and who is not in any way gainfully employed by the Government of Liberia, shall receive an annuity to be divided into monthly payments equal to 50 percent of the incumbent president's salary and 25 percent of the incumbent president's monthly allowances and benefits.