How some states are stalling pension - The Nation Nigeria

  • 📰 TheNationNews
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 69%

Nigeria Headlines News

Nigeria Latest News,Nigeria Headlines

The woes of the state and local governments’employees started with the lacuna in the Pension Reform Act (PRA) 2004 that left them without pension laws.

Several years after the PRA 2014 was introduced, many state governments are yet to implement it, thereby creating problems for their retired employees,The adage that rest is sweet after labour may after all not hold for employees of most state and local governments.

According to the Director, Centre for Pension Rights Advocacy, Ivor Takor, in a paper entitled: “State governments and the pension rights of their employees”, the exclusion was not an oversight by the First National Assembly Committee on Pension, that carried out the reform but a ploy by governors during former President Olusegun Obasanjo’s administration to avoid paying pension.

He explained that the flagship states have adopted the Contributory Pension Scheme and are fully complying with their laws; hibernating states have stopped at enacting laws while the most dangerous ones; the red flag states don’t intend to do anything about pension laws.He listed the red flag states as Akwa Ibom, Bauchi, Borno, Cross River, Katsina, Kwara, Plateau and Yobe.

He said steps had been taken to remove the lacuna in the law by the National Pension Commission in the Pension Reform Act 2014. He warned that governors who failed to implement the CPS would make their workers retire into penury and unrest.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

BREAKING: Shoprite begins moves to leave NigeriaSouth African superstores, Shoprite Holdings Limited, has stated it will auction its outlets in Nigeria, The Nation can report.The decision, it said...
Source: TheNationNews - 🏆 6. / 69 Read more »

Former Ogun State Chief judge dies at 85 - The Nation Nigeria NewsFormer Chief Judge of Ogun State, Justice Isaac Babatunde Delano died last week at the age 85 years.Justice Delano was born on June 1, 1935
Source: TheNationNews - 🏆 6. / 69 Read more »

Declare Anambra oil-producing state, HOSTCOM tells FGTamaranebi, expressed concern over the delay in confirming Anambra an oil producing state despite the production of 10,000 barrels of oil per day since 2012. OilProductiion Anambra HOSTCOM CrudeOil Nigeria
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Amotekun lacks proper coordination in Oyo – Vigilante group - Daily Post NigeriaThe Oyo State Commandant of the Vigilante Group of Nigeria (VGN), Mr. Oladeji Olowolafe, has raised the alarm that the newly-created Western Nigeria
Source: DailyPostNGR - 🏆 11. / 59 Read more »

UPDATED: Nigerian to take over Shoprite assets | The Nation NigeriaWhen Shoprite leaves Nigeria, its assets will most likely be handed over to a Nigerian.The Nation has confirmed “discussion is ongoing and...
Source: TheNationNews - 🏆 6. / 69 Read more »

Governors express concern over worsening insecurityMembers of the Nigeria Governors' Forum (NGF) have expressed concern over the nation's worsening security situation.Reacting to last...
Source: TheNationNews - 🏆 6. / 69 Read more »