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Published On: Mon, Jul 20th, 2020

Pension scheme: Niger Govt assures workers on safety of contributions

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From Yakubu Mustapha, Minna

Niger state government has assured workers in the state and local government services of the safety of their contributions and counter contribution of the government to the Contributory Pension Scheme (CPS) that commenced in June.
The Director General of the state Pension Board Alhaji Mohammed Usman Tinau disclosed this during an interactive session with some Journalists in Minna at the weekend, saying that as Niger state resumed the Contributory Pension Scheme CPS, measures have been put in place to ensure that their funds were well managed.
He disclosed that unlike in the past that only one lead Manager from the 19 Pension Funds Administrators PFAs in the state was appointed to manage the entire contributions, the government has decided to increase the lead managers to five for efficiency.
According to him, the five PFAs selected to be lead managers of the contributions, were schedule to each mange state workers, , local government staff , the State Universal Basic Education Board SUBEB staff, the 5% deduction for the state and local governments accordingly.
Alhaji Tinau said that the decision of government to recommence the CPS has been communicated to PENCON saying that “ PENCON responded happily they advised that we should have Service Level Agreement SLA with the PFAs, which we have done”.
He said not less than 22,000 civil servants in the state civil service are enrolled in the Contributory Pension Scheme but added that the Board has not been able to get up to date and accurate figures of those in the local governments.
He said all these measures was to ensure the safety of contributors money, even as the state Governor Alhaji Abubakar Sani Bello has set up a committee headed by the Deputy Governor Ahmed Mohammed Ketso including representatives of organised labour to ensure that the stakeholders in the line of managing the contributions played their roles transparently and effectively.
He therefore ally the fears of the Labour on the resumption of the scheme was unfounded, emphasising that organised labour was represented by the NLC Chairman, Comrade Garba Yakubu and his TUC counterpart Comrade Tanimu Yunusa in the committee that recommended the resumption of the CPS in June .

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