• Contact Us
  • About
  • Advertise
  • Privacy & Policy
Wednesday, August 26, 2026
  • Login
E3P Motor Insurance
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Home
  • Insurance
  • Pension
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
No Result
View All Result
Business Post
No Result
View All Result
Home Pension

Retired Military Personnel Encounter Pension Payment Delays, Amid Calls For Police To Exit CPS

Nwanne Ikemefune by Nwanne Ikemefune
December 6, 2024
in Pension
0 0
0
Retired Military Personnel Encounter Pension Payment Delays, Amid Calls For Police To Exit CPS
0
SHARES
68
VIEWS
Share on FacebookShare on TwitterShare on WhatsApp

Amid calls from some quarters for the police to exit the Contributory Pension Scheme (CPS), the military which exited the Scheme some years ago is having challenges in the payment of pensions to retired service personnel.

It will be recalled that a bill for the police to exit the CPS, sponsored by Senator Binos Dauda Yaroe, representing Adamawa South, has been passed by the National Assembly and is awaiting presidential assent.

However, the military which exited some years back is beginning to record delays in the payment of pension benefits. Two days ago, ex-servicemen staged a peaceful protest at the Federal Ministry of Finance in Abuja over non payment of pension benefits.

The President of the Ex-Service Men and Family Welfare Association of Nigeria, Anthony Agbas, during the rally urged the government to pay all their pension arrears and other entitlements. He said that military pensioners in the country had endured financial hardship and pain over the years.

“We were told the money has been approved for a long time, but we have not received anything. Our requests are: payment of our palliatives and their arrears from October 2023 to November 2024; payment of the 20 to 28 per cent salary increment and its arrears from January to November. We also request the payment of N32,000 flat rate and its arrears from July to November, payment of the new National Minimum Wage increment and the arrears from July to November, among others,” he said.

Agbas said that the association was an umbrella body made up of several associations of retired members of the Nigerian Armed Forces and their families.
An official of the Ministry of Finance, who addressed the protesters, said that their request had been approved and was being processed.

Meanwhile, it will be recalled that the Inspector General of Police, Kayode Egbetokun has kicked against the bill seeking to exempt the police from the Contributory Pension Scheme (CPS) saying that it will not favour the police force. Egbetokun who stated this while addressing some police officers noted that if the police exit the CPS, they will go back to square one.

Previous Post

Staff Members Celebrate FIRS Boss Over Enhanced Welfare Package

Next Post

Insurance Stakeholders Point Growth Direction, Admit There Are Dry Patches To Turn Green

Nwanne Ikemefune

Nwanne Ikemefune

Related Posts

Leadway Unveils ‘Leadway PFA’ as Unified Brand Following Successful Consolidation Journey
Pension

Leadway Unveils ‘Leadway PFA’ as Unified Brand Following Successful Consolidation Journey

August 4, 2026
Awards Drenched Leadway Pensure Exceeds Target, Records 25% Growth In 2023
Pension

LeadwayPensure Urges All Income Earners to Make Early Retirement First Line Charge, Implores Laggards to Join

July 19, 2026
PTAD Clears Way  To  Enrol Pensioners On National Health Insurance Scheme
Pension

PTAD Says Attaining Equity, The Main Thrust of Harmonisation Reforms

July 13, 2026
Next Post
Insurance Stakeholders Point Growth Direction, Admit There Are Dry Patches To Turn Green

Insurance Stakeholders Point Growth Direction, Admit There Are Dry Patches To Turn Green

Please login to join discussion
NEM INSURANCE NEM INSURANCE NEM INSURANCE
  • Trending
  • Comments
  • Latest
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

April 27, 2024
NCRIB And Universal In Pictures

NCRIB And Universal In Pictures

May 4, 2024
tope smart NIA former chairman

Insurance Milestone: A Beacon To Follow

April 3, 2022
Custodian Investment To Acquire 51% Stake In UACN Property

Penetration: Operators Call For Insurance-In-Action

November 2, 2022
ncrib logo

NCRIB Sets The Stage For Adaramola’s Tenure

June 7, 2023
Buyer Power Grows Ahead of 2026 Reinsurance Renewals

Reinsurance Rates May Increase, But Momentum To Wane: Fitch

April 17, 2026
Linkage Assurance Aligns With Brokers For Growth

Linkage Assurance Aligns With Brokers For Growth

December 6, 2021
Preferred PenCom Logo

PenCom Board Crafted To Hedge Setback

February 1, 2021
PTAD Wipes 21,227 Parastatals Pensioners From Payroll

PTAD Wipes 21,227 Parastatals Pensioners From Payroll

January 31, 2021
Preferred PenCom Logo

PenCom Board Back-To-Work Pass, Gets Tick Over

May 4, 2025
Anchor MD Loses Father

Anchor MD Loses Father

2
Regulators Clear Guinea Insurance  For Private Placement

Regulators Clear Guinea Insurance For Private Placement

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Inaugurates Discount Rate Committee To Ease Insurance Contracts Under IFRS 17

2
Insurance Mastercard Joe Irukwu Passes On

Insurance Mastercard Joe Irukwu Passes On

2
AIICO Head office

Car Insurance Takes A New Turn With AIICO, ETAP ‘Redefine Partnership’

2
Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

Authenticity Of Motor Policy, Technology Crowns Policyholders Verifying Partners

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

2
Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

Ebere Nwoji Makes It Back To Back As 2023 Print Media Reporter

2
Loss Adjusters Receive Charge To Match Speed Of New Developments

Loss Adjusters Receive Charge To Match Speed Of New Developments

2
NAICOM Helmsman Thomas Leads African Insurance Supervisory Authorities

Federal Government & NAICOM Working On New Guidelines For Insuring Government Assets

2
Global Federation of Insurance Associations Creates Off-limits in Insurance Regulation

Compliant Mishaps, Regulatory Filing Avoidance, And Merger Snap, Block Recapitalisation Move

August 19, 2026
Early Life Insurance, The Young Pace For Honours in Heirs Insurance 5th Essay Championship

Heirs Insurance Group Hauls N115bn in 2025, Pays N19.4bn Claims

August 17, 2026
Old Mutual in Nigeria Announces Change Of Name To emPLE

emPLE Recapitalisation Bolstering Capital Position and Customer Confidence

August 17, 2026
The Ultimate Recapitalised Seven Gets NIA Branded Welcome

The Ultimate Recapitalised Seven Gets NIA Branded Welcome

August 15, 2026
Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

August 14, 2026
Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

August 14, 2026
Promotion, Restructuring Waterfall Pounds NAICOM

Day After Recapitalisation, NAICOM Sets For Undulating Dusting Road of Mergers, Possible Acquisitions

August 14, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Concludes Recapitalisation Exercise With Additional Seven, The Total Now Stands at 50

August 13, 2026
Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

August 12, 2026
Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

August 11, 2026

Recent News

Global Federation of Insurance Associations Creates Off-limits in Insurance Regulation

Compliant Mishaps, Regulatory Filing Avoidance, And Merger Snap, Block Recapitalisation Move

August 19, 2026
Early Life Insurance, The Young Pace For Honours in Heirs Insurance 5th Essay Championship

Heirs Insurance Group Hauls N115bn in 2025, Pays N19.4bn Claims

August 17, 2026
Old Mutual in Nigeria Announces Change Of Name To emPLE

emPLE Recapitalisation Bolstering Capital Position and Customer Confidence

August 17, 2026
The Ultimate Recapitalised Seven Gets NIA Branded Welcome

The Ultimate Recapitalised Seven Gets NIA Branded Welcome

August 15, 2026
Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

Leadway Assurance Offers Nigerians First Multi-Generational Insurance Solution

August 14, 2026
Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

Recapitalised Sovereign Trust Sets Reloaded Market Confidence, Long Term Growth

August 14, 2026
Promotion, Restructuring Waterfall Pounds NAICOM

Day After Recapitalisation, NAICOM Sets For Undulating Dusting Road of Mergers, Possible Acquisitions

August 14, 2026
12 Month Recapitalisation, Risk Based Capital Race  on NIIRA 2025 Commences With Clear Avoidable, More Expectations

NAICOM Concludes Recapitalisation Exercise With Additional Seven, The Total Now Stands at 50

August 13, 2026
Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

Recapitalisation: It’s Unjustifiable to Concede to Chronic Defaulters Under Sound Macroeconomic Policy – Kari

August 12, 2026
Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

Pastor Jerry Eze Accepts Independent Non-Executive Director in Heirs Life

August 11, 2026
Leadway Advocates Safety First as Nigerians Embrace The New Year

Leadway’s Digital Capacity Makes Post-Recapitalisation Fit Insurance Critical Sectors and Nigeria’s Next Generation

August 8, 2026
Image Spin: Insurance Market Takes The Veil Off, Projects All Risks Commitment, Necessity For Today And Future

Recapitalisation: Policyholders Reckoning Soar, Surf Insurance Waves Back to Claims Shore

August 7, 2026
NIA Admits Moderate Half Year Results for Members

NIA Upticks Credible, Transparent Recapitalisation Exercise,

August 6, 2026
AIICO Inherent Recapitalisation Strategy Wins Posts Good Q2 Performance

AIICO Inherent Recapitalisation Strategy Wins Posts Good Q2 Performance

August 5, 2026
NEM Insurance NEM Insurance NEM Insurance
Business Post

We connect brands with buyers and sellers of insurance, pension and also project insurance and allied Businesses to the trending generation. We help the various public to adapt to the constant changes as it would impact, and also enable advertisers to connect, engage and target opportunities on line , in print and in person.

Browse by Category

  • Business Unlimited
  • Feature
  • Insurance
  • News
  • OIL & ENERGY
  • Pension
  • Travel
  • Uncategorized

Recent News

Global Federation of Insurance Associations Creates Off-limits in Insurance Regulation

Compliant Mishaps, Regulatory Filing Avoidance, And Merger Snap, Block Recapitalisation Move

August 19, 2026
Early Life Insurance, The Young Pace For Honours in Heirs Insurance 5th Essay Championship

Heirs Insurance Group Hauls N115bn in 2025, Pays N19.4bn Claims

August 17, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 BusinessPost

No Result
View All Result
  • Home
  • Insurance
  • Business Unlimited
  • OIL & ENERGY
  • Feature
  • News
  • Contact Us
  • About
  • Advertise
  • Privacy & Policy

© 2023 BusinessPost

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In