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  • Welcome
  • Special reports
    • All
    • Unedited for the record
    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    UN strongly condemn Borno attack that claimed 63 lives, including soldiers

    PANDEF back Tinubu’s state police proposal

    PANDEF back Tinubu’s state police proposal

    Canada’s economy sheds over 60,000 jobs in August

    Canada’s economy sheds over 60,000 jobs in August

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    Embrace Igbo identity, Senator Nwoko urges Anioma people

    NCDMB outlines achievements,charges media, youth groups on social responsibility

    NCDMB outlines achievements,charges media, youth groups on social responsibility

    23,659  persons missing in Nigeria, says Red cross

    23,659 persons missing in Nigeria, says Red cross

  • Metro News
    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    FCTA clears 1,000 shanties in Abuja district

    FCT set up committee to probe sales of FG houses, parks

    FCT set up committee to probe sales of FG houses, parks

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Imo government move to end open grazing in Owerri, issues two-week ultimatum to herders

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Lagos Assembly move to enact law to regulate house rents, agents, others

    Teachers, health workers strike,others:  Wike gets fresh ultimatum from FCT workers

    Wike launch operation to flush street beggars, one- chance syndicate, others in FCT

  • Latest News
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    • Crime watch
    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Doctors in FCT commence warning strike, cite systemic failure, infrastructure decay, others

    Customs exempts imports worth $300 and below from duty

    Customs exempts imports worth $300 and below from duty

    Ex-petroleum minister Ibe Kachikwu to  speak at NCDMB  business mentorship lecture series tomorrow

    Ex-petroleum minister Ibe Kachikwu to speak at NCDMB business mentorship lecture series tomorrow

    SERAP drag RMAFC to court over proposed salary increase for political office holders

    SERAP drag RMAFC to court over proposed salary increase for political office holders

    Amnesty International slams DSS request, urge  x not to delete anti-Tinubu post

    Amnesty International slams DSS request, urge x not to delete anti-Tinubu post

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    UN strongly condemn Borno attack that claimed 63 lives, including soldiers

    Trending Tags

  • Infotech
    NIMC partners online publishers to boost digital security through NIN enrollment

    NIMC partners online publishers to boost digital security through NIN enrollment

    Facebook set new monetization rules for creators who uses other people content

    Facebook set new monetization rules for creators who uses other people content

    Senate approves restoration of Aniocha North II State Constituency, Delta

    Bill mandating social media platforms to have physical office, records of employees pass second reading at the Senate

    Nigeria investigated  213 privacy breaches in 2024-NDPC

    Nigeria investigated 213 privacy breaches in 2024-NDPC

    FG begins construction of emerging technologies Institute in Kano

    FG begins construction of emerging technologies Institute in Kano

    MTN denies orchestrating poor network to influence FG, labour talk, apologizes for network fluctuations

    MTN shuns Labour-FG committee on tariff review, hike data tariff by 200%

  • World conflict & diplomacy
    Hamas accepts new Gaza truce plan – Official

    Hamas accepts new Gaza truce plan – Official

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Ukraine conflict: Trump and Putin end Alaska summit without deal

    Rwanda-backed rebels kill hundreds in DRC despite U.S.-sanctioned ceasefire

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    UK prime minister back US military strikes on Iran ‘s nuclear sites

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    Israel bombs Iran’s heavy water reactor, says state television

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  • Security
    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Fight against insurgency: Middle-belt Forum hail FG, Israel security pact

    Police, Omatekun, confirms the kidnap of seven farmers in Ondo

    Fear of attack grips Kwara NYSC over suspicious movements around camp

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    Nwifuru demands arrest of killers of 13 Ebonyi indigenes in Anambra

    State police only solution to Benue killings, others- Adams

    State police only solution to Benue killings, others- Adams

    Female suicide bomber kills 24, injure  scores in Borno community

    Female suicide bomber kills 24, injure scores in Borno community

    Obi calls for immediate end to violence against Benue communities

    Obi calls for immediate end to violence against Benue communities

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PenCom begs police not to leave contributory pension scheme

Daily Intel Newspaper by Daily Intel Newspaper
November 20, 2024
PenCom begs police not to leave contributory pension scheme

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Omolola Oloworaran, acting director-general of the National Pension Commission, has urged the police to remain with the Contributory Pension Scheme.

Ms Oloworaran said this during a public hearing on a bill for an Act to establish a Police Pension Board in Abuja on Tuesday.

Ms Oloworaran also reiterated PenCom’s commitment to police welfare.

“PenCom has consistently proposed practical solutions, including increasing pension contribution rates, offering additional retirement benefits, and implementing periodic pension reviews under the existing CPS framework.

“These measures are designed to enhance the financial well-being of retired police personnel without compromising fiscal discipline or administrative efficiency.

“Notably, the establishment of an Augmentation Fund and the enhancement of the Retiree Resettlement Scheme demonstrate PenCom’s commitment to addressing the unique needs of the police. The welfare of Nigeria Police personnel is paramount. The proposed bill is a step in the wrong direction. The CPS offers a balanced approach to achieving pension adequacy, affordability, and sustainability,” Ms Oloworaran said.

She said that implementing PenCom’s recommendations was a more viable path to meeting the needs of police personnel while safeguarding the broader national interest.

Ms Oloworaran said that the Senate should prioritise those solutions and uphold the principles of Nigeria’s pension reform.

The chairman of the Senate Committee on Establishment and Public Service, Cyril Fasuyi, said that the bill was to establish a board to oversee Police pension.

Mr Fasuyi said the committee intended to create an enabling environment for retired police officers. He said the public hearing provides more information and opportunities for various stakeholders.

Binos Yaroe, a senator who sponsored the bill, noted that retired police commissioners receive N70,000 and assistant superintendents of police get between N40,000 to N50,000 as pension.

He said the military, State Security Service, Defence Intelligence Agency and National Intelligence Agency had pulled out of the contributory pension scheme.

However, he said that the NPF, the lead security agency in section 214 of the constitution, is left under the pension scheme and regulated by PenCom. This, according to him, places retired police officers on the wrong post-service employment in spite of their crucial role.

He said the matter was not just about the police exiting but improving their salaries.

“Even if they exit with a poor salary, their pension will still be poor. Towards the end of the ninth assembly, the bill was passed but not signed because we started the process late. That’s why we started the process again early March 19 and July 4,” he explained.

The inspector general of police, Kayode Egbetokun, said the NPF wanted the police pension board established to improve the welfare of retired police officers.

Mr Egbetokun was represented by the deputy inspector general (of police, Bala Chiroma.

The national chairman of Nigeria Union of Pensioners Contributory Pension Scheme Sector, Sylva Nwaiwu, said the pension scheme should be amended.

Mr Nwaiwu said CPS was good for the nation, adding that pension increments should always be encouraged.

Sani Mustapha, the executive director of the Contributory Pension and Happy Retirement Advocacy (COPEHRA), said the pension scheme has proven resilient, transparent, and sustainable.

He added that it also effectively addressed the shortcomings of the previous pension system. He said keeping the NPF within the CPS aligns with best practices in pension management, ensuring their financial security while supporting Nigeria’s broader economic development.

(NAN)

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