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| Anohu-Amazu |
Chuks Udo Okonta
No state in the South-East Zone has attained full
implementation status of the Contributory Pension Scheme (CPS) the
Director-General, National Pension Commission (PenCom) Chinelo
Anohu-Amazu, has said.
She disclosed this yesterday at the stakeholders’
sensitisation conference on Pension Reform Act 2014 organised by PenCom in Enugu, Enugu State, stressing that the scorecard for the South-East Zone has not been
encouraging since no state has attained full implementation status.
Anohu-Amazu noted that prior to the enactment of the PRA 2014, several
states in the Federation, had
adopted the
CPS and were
at various stages of implementation. She said the
PRA 2014 has enhanced
States and Local Government participation in the CPS by expressly prescribing the
coverage of employees of States and Local Governments, in addition to the Federal Public service and
private sector.
“I would therefore like to
passionately appeal to all the States and Local Governments in the South-East Zone
that are yet to adopt or implement the CPS to quickly embark on doing so in
order to avail their employees of the numerous benefits of the Scheme while avoiding huge future pension liabilities,” she
said.
She said the recent developments with regards to inadequate finances
affecting most states of the federation is a pointer to the urgent need for
states to adopt the CPS, adding that the commission in its quest to assist the
States in guided implementation, has established functional
offices in the six geo-political zones including Awka for the South-East Zone and that these
offices have been equipped to provide the required technical assistance
to States and Local Governments in their efforts to adopt and implement the
CPS.
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