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Published On: Thu, May 8th, 2014

PenCom debunks rumour on NPF pullout from CPS

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From Ngozi Onyeakusi, Lagos

The National Pension Commission (PenCom), has debunked rumors that the Federal Government has granted approval to the Nigeria Police to pull out from the Contributory Pension Scheme (CPS) even as it assured safety of pension assets.

The commission gave the assurance following a media report titled, “N4 trillion assets under threat as FG grants police pullout” which according it contains factual errors capable of misleading the general public.

According to a statement signed by Head, and Communication Unit PenCom Mr. Emeka Onuora , the commission clearly stated that on the contrary, the personnel of the Nigeria Police Force are still under the Contributory Pension Scheme by virtue of Section 1 of the Pension Reform Act 2004.

It explained that the whitepaper recently issued by the Federal Government on the Report of the Orasanye Committee on the Rationalisation of Federal Government Institutions clearly indicated that the Federal Government has accepted the recommendation that, with the exception of the Military which has already been granted exemption, no Federal Government Institution or Force should be exempted from the Contributory Pension Scheme.

The Commission noted that following the enactment of the Pension Reform (Amendment) Act 2011, which exempted the personnel of the Military and State Security Services from the Contributory Pension Scheme, the Nigeria Police and other Agencies agitated for exemption from the Scheme.

However, the Federal Government decided after careful consideration of the submission made by the Nigeria Police that the Police personnel should remain under the Contributory Pension Scheme and that the Nigeria Police Force should seek administrative solutions to the grievances of their personnel within the framework of the scheme.

 

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