Sixteen (16) new members of the National Pension Commission (PENCOM) board were inaugurated by the federal government on Thursday, December 3, through the office of the Secretary to the Government of the Federation (SGF).
Speaking at the ceremony which was held in Abuja, SGF Boss Mustapha urged members of the board to ensure the implementation of sustainable pension policies.
According to him, 16 members will be saddled with the responsibility to proffer innovative and feasible solutions to the challenges of pension administration in Nigeria.
He added that in recent times the country had some challenges in the area of pension administration.
Mustapha further stated that it was these challenges that necessitated the pension reform of 2004, which created PENCOM and introduced a mandatory Contributory Pension Scheme (CPS) for employees of both public and private sectors, with few exceptions in the public service.
“As a government, we are always conscious of our responsibilities with regards to the payment of pensions to eligible retirees in the Federal Public Service."
The new members are:
Oyindasola Oni - chairman
and the executive commissioner (administration) representing the northwest geo-political zone.
In a related development, Ali Ndume, a senator representing Borno South, hailed the arrest of the former chairman of the defunct Pension Reform Task Force Team, Abdulrasheed Maina.
Speaking on Friday, December 4 in Abuja, Ndume who is the chairman of the Senate committee on army, said the arrest and extradition of the fugitive PRTFT boss has established a belief in the ability of the Nigeria Police Force (NPF).
Maina is facing a 12-count money laundering charge levelled against him and a firm by the Economic and Financial Crimes Commission (EFCC).
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