PenCom kicks against bill ex­clud­ing para­mil­i­tary from Pen­sion scheme

Daily Trust - - PROPERTY -

The Na­tional Pen­sion Com­mis­sion (PenCom) on Fri­day kicked against the bill seek­ing to ex­clude para­mil­i­tary or­gan­i­sa­tions in­clud­ing the po­lice from the Con­trib­u­tory Pen­sion Scheme(CPS).

The Act­ing Di­rec­tor-Gen­eral of PenCom, Mrs Aisha DahirU­mar, said in Abeokuta that the ex­clu­sion of the para­mil­i­tary or­gan­i­sa­tions from the na­tional pen­sion scheme would not au­gur well for the of­fi­cers and men of the agen­cies.

She spoke at the 2017 An­nual Re­treat or­gan­ised by Pen­sion Operators (PenOp) com­pris­ing 21 Pen­sion Funds Ad­min­is­tra­tors (PFAs) and four Pen­sion Cus­to­di­ans.

The bill seek­ing to amend the Pen­sion Re­form Act, 2014 to ex­clude mem­bers of the Nige­ria Po­lice, the Nige­rian Se­cu­rity and Civil De­fence Corps and Nige­ria Cus­toms Ser­vice (NSCDC) from the Con­trib­u­tory Pen­sion Scheme on May 16 passed the sec­ond­ing read­ing in the House of Rep­re­sen­ta­tives.

The bill, spon­sored by Mr Olu­wole Oke, is also seek­ing to ex­empt the Nige­rian Pri­son Ser­vice (NPS), Nige­rian Im­mi­gra­tion Ser­vice (NIS) and the Eco­nomic and Fi­nan­cial Crimes Com­mis­sion (EFCC) from the scheme.

Mrs. Umar said ex­emp­tion would neg­a­tively on the econ­omy.

“The bill have dire con­se­quences not only on the pen­sion re­form, but on the other re­forms of gov­ern­ments,” said the act­ing DG, who was rep­re­sented by Mr Aminu Farouk, the Head of Re­search and Man­age­ment in the com­mis­sion.

She said the Fed­eral Gov­ern­ment was al­ready over­bur­dened with the pay­ment of pen­sions as re­flected in the 2016 Ap­pro­pri­a­tion Act.

Ac­cord­ing to her, about N200 bil­lion was ap­pro­pri­ated in the Act as pen­sions and gra­tu­ities which is still in­suf­fi­cient to fund pen­sion li­a­bil­i­ties of gov­ern­ment. their im­pact coun­try’s

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