PenCom Engagements with 5 States on Implementation of Contributory Pension Scheme

December 16, 2022 PensionNigeria

The National Pension Commission (PenCom) in its 3rd quarter 2022 report disclosed its engagements with 5 states on the implementation of Contributory Pension Scheme (CPS) in the States.

PenCom unfortunately cannot force states to implement CPS, PenCom can only encourage and engage states to implement CPS, the States that PenCom had engagement meetings/familiarization visits and courtesy calls with during the 3rd quarter of 2022 are Gombe, Yobe, Kwara, Anambra and Cross River State.

Engagement Meeting with the Chairman of the Gombe State Pension Reform Committee/Secretary to the State Government

The North-East Zonal Office (NEZO) held a meeting with the Chairman of the Gombe State Pension Reform Committee in the person of the Secretary to the State Government, on 8 September 2022. The meeting discussed the steps to be taken by the Gombe State Government towards implementing the CPS in the State.

Engagement Meeting with Yobe State CPS Implementation Committee

The North-East Zonal Office (NEZO) held a meeting with the Yobe State CPS Implementation Committee headed by the Yobe State Head of Service on Thursday 29 September 2022. The meeting was at the instance of the Committee to appreciate the importance of the CPS and an understanding of the recommendations contained in the outcome of review of the State’s CPS bill.

Engagement of Key Stakeholders in Kwara State

As part of the sustained efforts to collaborate with critical stakeholders and ensure adoption of the CPS in Kwara State, the North-Central Zonal Office (NCZO) met with the executive members of the Nigeria Labour Congress (NLC), Kwara State Chapter on Monday 12 September 2022. The meeting discussed the status of implementation of the CPS in the State as well as the modalities for convening a tripartite meeting between the State Labour Unions, the State Government and representatives of the Commission.

Meeting between the South-East Zonal Office (SEZO) and the Permanent Secretary, Anambra State Local Government Pensions Board (LGPB) Awka, Anambra State

A delegation from the SEZO held a meeting with the Permanent Secretary Anambra State LGPB on 4 August 2022. The meeting enlightened the leadership of the agency on the workings of the CPS. The meeting was also intended to resolve some of the impediments to full implementation of the CPS in the State and to clear doubts and reassure the agency of the Commission’s support in this regard.

Meeting with the Cross River State Head of Service

Staff of the South-South Zonal Office (SSZO) met with the Cross River State Head of Service on 11 July 2022 in Calabar. The purpose of the meeting was to douse the rising negative impression of the public on the CPS after a phone-in programme held by the Head of Service (HOS) to sensitize workers on the adoption of the CPS in the State. The HOS, after the meeting, requested that a larger enlightenment forum be organized for the State Government functionaries and for the employees of the State at a future date for further clarification on the workings of the scheme.

Check below for PensionNigeria breakdown of all the important aspects of the PenCom 3rd Quarter 2022 Report

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DONT MISS our 3rd Quarter 2022 Report Series

Director General’s Remarks on PenCom 3rd Quarter 2022 Report
Analysis of Pension Operating Environment 3rd Quarter 2022
Appointment & Resignation of Pension Operators’ Board Members and Top Management Q3 2022
Recovery Agents recover ₦23.30 billion from Defaulting Employers as PenCom takes 19 Employers to Court over Non-Remittance of Pension Contributions in Q3 2022
Update on NSITF & Refund of Pension Contribution to Military & SSS Q3 2022
Lagos State only paid about half of the amount it committed to clear outstanding Accrued Rights of its Retirees
Kaduna State is not fully Implementing Contributory Pension Scheme but seeks PFAs to invest Pension Funds in Kaduna State Bonds
Ekiti State Pays 1st Batch of Retirees under CPS, plans to implement VC for Exempted Employees
Zamfara State exited CPS & PenCom has refund their Pension Contributions but Retirees are still not better off
Update on Benue & Bauchi State Pension Reform Laws
PenCom Engagements with 5 States on Implementation of Contributory Pension Scheme
Update on RSA Transfer System (RTS) 3rd Quarter 2022
Micro Pension Registrations per PFA & Fastest Growing PFAs as at 30 September 2022
Micro Pension Contributions received per PFA Q3 2022
Update on the Micro Pension Plan Q3 2022
List of Organisations Issued Compliance Certificates as at 30 September 2022
Total RSA Registration as at 30 September 2022
Status of Contributory Pension Assets as at September 2022
Biggest PFAs & Fastest Growing PFAs by RSA Registrations 30 September 2022
RSA Registration Age and Gender Breakdown for Q3 2022
PenCom approved over N1.66 Trillion for PFAs to pay RSA Holders as at Q3 2022
Status of Implementation of CPS in States as at 30 September 2022

Also Check out
Performance of all PFAs in Nigeria for January to September 2022 (Year to Date)

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