Benue news

Only Benue, 3 other states complying with contributory pension for workers – PenCon

It has been confirmed that only Benue and 3 other states have remitted their workers pension contributions fully as at December 2021, in line with the mandate of the Contributory Pension Scheme, CPS.

The stares are Benue, Lagos, Kaduna and Edo states.

This is contained in the 2021 fourth quarter report, Q4’21, released by the National Pension Commission, PenCom, five other states of Osun, Delta, Ekiti, Ondo, Anambra and the Federal Capital Territory (FCT), which are also remitting both employer and employee contributions have backlogs in remittances.

Analysis of the report shows that 25 states had enacted pension laws on the CPS, while seven states were at the bill processing stage.

Vanguard newspaper reported that out of the five states operating other pension schemes, four states adopted the Contributory Defined Benefits Scheme (CDBS), while one state operates the Defined Benefits Scheme (DBS).

PenCom noted that as part of its mandate, it carried out sensitization workshops, capacity-building programs, and stakeholder engagement meetings during the quarter under review.

It added that it held a meeting with four pioneer Pension Fund Administrators (PFAs) managing majority of the RSAs of employees of Kaduna State to review the solutions proposed by the PFAs and Kaduna State to address the accrued rights liabilities owed to the retired and disengaged employees of the state.

 

By David Mzer

 

Guest Writer

Recent Posts

Monday Odigie steps down as Bendel Insurance coach

Monday Odigie, the coach of Bendel Insurance Football Club of Benin, has resigned from his…

7 mins ago

Lewandowski reflects on missed Manchester United transfer

Robert Lewandowski has reflected on the time he nearly joined Manchester United in 2012, only…

20 mins ago

Okoye reflects on Super Eagles return after two years

Maduka Okoye has reflected on his first appearance for the Super Eagles in two years.…

34 mins ago

Probe panel: Ortom defeats Benue state govt at appeal court

The Court of Appeal, Makurdi Division, on Thursday set aside the ruling of the Benue…

14 hours ago

Police take action over murder of lawyer Mark Ofikwu in Otukpo

The Benue State Police Command has confirmed the tragic killing of prominent Otukpo-based lawyer and…

15 hours ago

BREAKING: Reps reject bill proposing six-year single tenure for president, governors

A bill proposing a six-year single term for the office of the president and state…

17 hours ago