Jigawa to review Contributory Pension Scheme Board
Jigawa State Governor, Mallam Umar Namadi has approved the constitution of a 28-member committee to review and appraise the state and local governments contributory pension scheme board.
A statement by the State Head of the Civil Service, Alhaji Hussaini Ali Kila named the former Head of the Civil Service, Alhaji Mustapha Aminu as the Chairman of the committee, while the State Head of the Civil Service will be the Co- Chairman.
Other members of the committee include Muhammad Shu’aibu Kiri, Former Executive Secretaries of the Contributory Pension Scheme; Hashimu Ahmad Fagam, and present Executive Secretary of the Board, Kamilu Aliyu Musa, as well as Muhammad Dagaceri, Permanent Secretary, Directorate of Admin and Finance SSG’s office; Nuhu Haruna, Permanent Secretary, Directorate of Establishment, office of the Head of Service.
Also in the committee are representatives of the Ministry of Justice, Nigerian Labour Congress (NLC), Trade Unions Congress (TUC) and National Union of Local Government Employees (NULGE), among others.
According to the statement, the committee will be inaugurated by Governor Namadi in June, 2023.
Status of Implementation of CPS in Jigawa State as at 31 December 2022
Jigawa State and Local Government Contributory Pension Scheme Law was enacted in 2005. The law was amended in 2015 and amended again in 2020. Jigawa State operates a Contributory Defined Benefit Scheme (CDBS) and the State has set up the Jigawa (State and Local Governments) Contributory Pension Scheme Board. The CDBS does not require the registration of employees and opening of Retirement Savings Accounts (RSAs) with Pension Fund Administrators (PFAs). The state remits 17% employer & 8% employee Pension Contributions under the Contributory Defined Benefits Scheme. The State conducted an Actuarial Valuation to determine the employees’ Accrued Pension Rights in December 2018. Group Life Insurance Policy is not required under the CDBS.
Also read Status of Implementation of CPS in all States as at 31 December 2022
Read more Jigawa State Pension News Here
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