Business
FG holds town hall meeting to address public sector pensioners’ challenges
The Federal Government has engaged stakeholders and retirees from the civil service in a town hall meeting to brainstorm on lasting solutions to pension challenges. The Head of the Civil Service of the Federation (HOCSF), Dr Folasade Yemi-Esan, said at the meeting in Abuja that it was to address issues bothering on welfare of pensioners. According to her, the aim of the meeting is to seek contributions from participants to sustainable effective solutions to pensioners’ challenges of receiving their due entitlements immediately after retirement from civil service. She said that the meeting came as result of consultations with several stakeholders, representatives of pension administrators, including the retirees from the service.
”This town hall meeting is mostly about the pressure that we have in our hearts that we want to express. I am just here to say that, we in the office of the HOCSF are responsive to the needs of pensioners, just as we are responsive to the needs of serving civil servants. And the most interesting thing is that, we must start to prepare for retirement while in service, “ Yemi-Esan noted. The HOS, therefore, urged the participants to identify challenges militating effective implementation of both Contributory Pension Scheme (CPS) and Defined Benefit Scheme (DBS) as well as propose solutions to them. Yemi-Esan also advised the stakeholders to use opportunity of the meeting to rub minds on the ongoing review of the Pension Reform Acts of 2014. Dr Chioma Ejikeme, Executive Secretary, Pension Transitional Arrangement Directorate (PTAD) said the agency was established as a result of pension reform, adding that PTAD was committed to carrying out its responsibilities to ensure welfare of pensioners.
Ejikeme, however, identified areas of PTAD’s mandates to include administering the pension of the old DBS, and the pensioners who did not transit to the CPS and to make budgetary estimates for pension. She also said that PTAD was mandated to prepare and submit monthly payroll of pensioners to the office of Accountant General Office of the Federation for direct payment from the budgetary allocations to the pensioners` bank accounts among others. Also, Aisha Dahir-Umar, Director-General, National Pension Commission (PENCOM), represented by Mr Farouk Aminu, Commissioner Administrator , PENCOM office assured all the retirees of the security of their pension by PENCOM. Meanwhile, Chief Uchendu Ekpo, President, Contributory Pensioners Union of Nigeria expressed disappointment over inability to see the PENCOM’ boss to lay his complaints on non- review of his members’ pension. Ekpo, who is also a retiree, therefore, appealed to the HOCSF to address PENCOM office on several challenges faced by pensioners in Nigeria. The theme of the meeting is:“Toward Effective Pension Administration in the Federal Public Service. (NAN)
-
News2 days agoCourt orders British Govt. to pay £420m to 21 coal miners killed by colonial masters
-
Economy2 days agoBPE, stakeholders unite to rollout $500m free meters, DisCos pledge to lead drive
-
Finance2 days agoCBN cuts 1-Year Treasury Bill rate, rejects Bids
-
Maritime2 days agoNIMASA mulls expansion of deep blue project, calls for continued partnership with Navy
-
Business2 days agoMTN to acquire controlling stake in IHS Holdings, eyes full ownership
-
Agriculture2 days agoOver 2.5m metric tonnes of food valued N2trn produced in 2yrs—FG
-
Economy23 hours agoDubai’s consumer electronics maker, Maser Group to invest $1.6bn in Nigeria, others
-
Oil and Gas23 hours agoEdo govt, NNPC partner to establish 10,000bpd condensate refinery
