PenCom hosted Kogi State on Contributory Pension Scheme (CPS)
The National Pension Commission has disclosed that in its effort to ensure that all states of the Federation implement the Contributory Pension Scheme (CPS), it hosted a 2-day capacity workshop for the Kogi State Pension Commission (KSPC) at the National Pension Commission Headquarters Abuja.
Kogi State is one of the states that have not fully implemented the Contributory Pension Scheme (CPS). Below is the status of implementation of the CPS in Kigi State as at December 2020.
Kogi State Status of Implementation of CPS as at December 2020
- Enacted Law on CPS in 2018
- Established Pension Bureau.
- Yet to register Employees with PFAs.
- Yet to commence remittance of Pension Contributions.
- Yet to conduct Actuarial Valuation.
- Yet to open Retirement Benefits Bond Redemption Fund Account.
- Yet to commence funding of Accrued Pension Rights
- No Group Life Insurance Policy.
We hope that the visit will speed up the implementation of the CPS in Kogi State.
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