The National Pension Commission is carrying on with its policy to bring life back to the dry patches in the implementation of contributory pension system (CPS) in the states across the federation.
Armed with the set of tools to recharge sagging pension obligations in the states across the country and also encourage laggards to commit to pension commission in their various states, PenCom, the national adviser to federal and states on the set up of pension commission, is on a national roller coaster drive to keep the pension obligation by states a firm and operable policy.
In the current First-Quaterv2022 Report the Commission outlined various state specific measures undertaken to address hurdles on the way to all interests capped CPS, and, these were addressed through sensitisation/capacity building workshops and engagements.
At Ekiti State, PenCom discussed the challenges being faced in the implementation of the CPS by the Ekiti State Pension Commission. With the different stokes for different folks scenario, the focus at the pension management retreat organised by the FCT Area Councils Staff Pension Board (FCTACSPB) was a presentation by the Commission on the CPS implementation challenges with emphasis on uncredited contributions.
However, in Rivers State, it was another act another scene; there the Commission expressed concern over the state’s inability to take steps to fully implement the CPS in the state, “in view of the impending commencement of retirement of employees of the state under the CPS as from 1 June 2022.”
The peculiarity in Ogun State that PenCom engaged was the “persistent non-remittance of pension contributions into the state employees’ RSAs by the state, in view of the fact that employees of the state would start retiring under the CPS as from 1 July 2025.”