PenCom, police partner to boost officers’ pensions, welfare
The National Pension Commission (PenCom) and the Nigeria Police Force (NPF) are partnering to boost police officers’ pensions and welfare under the Contributory Pension Scheme (CPS).
This is contained in a statement issued by PenCom management on Thursday in Abuja.
The director-general of PenCom, Omolola Oloworaran, visited the inspector-general of police, Kayode Egbetokun, to discuss ways of improving police officers’ welfare.
Ms Oloworaran stressed the need for stronger collaboration between PenCom and the police to address pension concerns and enhance officers’ retirement benefits.
She explained that the CPS was introduced to correct flaws in the old Defined Benefits Scheme (DBS), which was unfunded, opaque, and left many retirees in hardship.
The DG acknowledged existing challenges but said PenCom was working on solutions achievable within the CPS framework.
Proposed reforms include a health insurance scheme for retirees, raising pensions to 75 per cent of final salary, expanding the Retirement Resettlement Fund, and restructuring police pensions.
Ms Oloworaran insisted there was no need for the police to exit the CPS, describing such a move as unnecessary and counterproductive.
She urged patience and continued dialogue as PenCom and the NPF implement the reforms.
She also called on the federal government to raise its pension contribution for police officers from 10 to 20 per cent, boosting retirement savings.
She revealed that PenCom, with the Head of the civil service of the federation, is working on a new gratuity scheme set to begin in 2026.
The scheme would grant treasury-funded federal workers one year’s total emoluments as a gratuity at retirement.
She pledged continued reforms to ensure police officers retire with dignity and financial stability.
Ms Oloworaran commended the NPF for its tireless service to the nation.
On his part, Mr Egbetokun reiterated his commitment to constructive engagement to maintain public confidence in the force.
He praised PenCom’s efforts and confirmed the police force’s readiness to collaborate in resolving pension issues.
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette
Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices
Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”
Politics
Gov. Okpebholo lauds voter turnout in Edo LG poll
Mr Okpebholo urged residents to continue to conduct themselves peacefully throughout the voting process and to await the official declaration of the results.
States
Ibeju-Lekki residents beg Lagos govt for urgent intervention over devastating flooding
The residents said constant rainfall had triggered devastating flooding in the area.
States
Obasa, PDP women leader hail rescue of Oyo pupils, teachers
Mr Obasa and Ms Ogunshe lauded the rescue of the 44 pupils and teachers in separate statements on Saturday.
States
Taraba govt. urged to establish sexual assault response centres
The stakeholders expressed concern over the rising cases of sexual and gender-based violence in the state.
States
Edo LG Polls: APC leaders hail turnout, peaceful process
Mr Edusei described the voter participation as encouraging, saying it surpassed what he had witnessed in previous elections.
States
Edo LG Poll: Motorists, commuters disregard movement restriction in Benin City
Vehicular and commercial activities were observed around major areas including Ring Road, Airport Road, and the New Benin axis.
