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19 July 2021

CPS: Stakeholders Seek Taskforce on Compliance in States

The National Assembly has been advised to set up a taskforce that will engage with State governments with a view to ensuring compliance with the Contributory Pension Scheme (CPS) in all States. The lawmakers also in a recent retreat with Pension Fund Operators resolved to review upwards the lump sum amount paid to workers at retirement.

The National Assembly has been advised to set up a taskforce that will engage with State governments with a view to ensuring compliance with the Contributory Pension Scheme (CPS) in all States. The lawmakers also in a recent retreat with Pension Fund Operators resolved to review upwards the lump sum amount paid to workers at retirement. This formed part of resolutions taken at the recent third annual retreat organised by the Pension Operators Association of Nigeria (PenOp) for National Assembly (NASS), that held in Lagos. In a communique issued at the end of the retreat, it was agreed that a taskforce should be set up by National Assembly to engage the State governments and come up with innovative ways to drive compliance. – Thisday online