PenCom: Se­nate jus­ti­fies low­er­ing of years of ex­pe­ri­ence

Daily Trust - - NEWS - By Tu­raki A. Has­san

The Se­nate yes­ter­day passed the Pen­sion Re­form Bill 2013 in which it low­ered the years of ex­pe­ri­ence re­quired for a Di­rec­tor Gen­eral of the Na­tional Pen­sion Com­mis­sion (PenCom) from 20 to 15 years.

Sen­a­tors had last week be­gun con­sid­er­a­tion of the re­port of the com­mit­tee on Es­tab­lish­ment and Pub­lic Ser­vice mat­ters which rec­om­mended low­er­ing the bar for the post of PenCom DG thereby pav­ing the way for the act­ing DG Mrs. Chinelo Anohu-Amazu to be ap­pointed as sub­stan­tive DG.

Speak­ing to jour­nal­ists shortly af­ter the red cham­ber passed the bill, com­mit­tee chair­man Se­na­tor Aloy­sius Etok (PDP, Akwa Ibom) whose com­mit­tee made the rec­om­men­da­tions said they low­ered the bar be­cause the com­mit­tee had the pow­ers to do so.

“If you are talk­ing about post qual­i­fi­ca­tion ex­pe­ri­ences what about some­body who has 30 years post qual­i­fi­ca­tion ex­pe­ri­ence with two years cog­nate pen­sion ex­pe­ri­ence. Is he bet­ter than some­one with 10 years cog­nate ex­pe­ri­ence in pen­sion ad­min­is­tra­tion?” Se­na­tor Etok asked.

Ac­cord­ing to him, it was not proper for any law to ex­clude young people from at­tain­ing any height in their pro­fes­sional ca­reer by stip­u­lat­ing 20 years of ex­pe­ri­ence for PenCom DG’s po­si­tion.

The bill also pre­scribes a 10 year jail term for any­one who mis­ap­pro­pri­ate pen­sion fund apart from re­fund­ing three times, the amount em­bez­zled.

It also stip­u­lates that who­ever that at­tempts to mis­ap­pro­pri­ate the fund, on con­vic­tion, will be li­able to the same pun­ish­ment as it is pre­scribed for the full of­fence in the act.

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