Proposed exemption of Nigeria Police Force from CPS sparks heated debates
Proposed exemption of Nigeria Police Force from Contributory Pension Scheme sparks heated debates and fears of potential economic repercussions When the Nigerian Pension Reform Act of 2004 was launched under…
Pension operators Oppose Police Exit from the Contributory Pension Scheme
In a significant legislative move on Tuesday, the Senate successfully passed the Bill for the Establishment of a Police Pension Board. This development follows the recent departure of National Assembly…
Nigerian Governors Leave Mounting Burden of Unpaid Pensions and Gratuity
In a disheartening state of affairs, a significant number of outgoing, returning, and sitting governors in Nigeria are burdening their respective states with a mounting pile of unpaid gratuities, pensions,…
Jigawa State Unique Contributory Defined Benefits Scheme (CDBS) for Pension Administration
Since the inception of the contributory pension scheme (CPS) in Nigeria in 2004 through the Pension Reform Act (PRA 2004) – now amended – various states in the federation have…
Senate passes Bill to exempt Police from Contributory Pension Scheme (CPS), Establish Police Pension Board
In a significant move, the Nigerian Senate has approved a bill that will establish a Police Pension Board, effectively exempting the Nigeria Police Force (NPF) from the existing contributory pension…
Employers’ Checklist Under the Contributory Pension Scheme (CPS)
The Pension Reform Act (PRA) of 2014 established a ground-breaking rule for employers in the private and public sectors in an effort to safeguard the financial security of employees at…
