Yobe Gov meets with PenCom DG to implement Contributory Pension Scheme
By Eberechi Obinagwam
Yobe governor, Mai Mala Buni has expressed his readiness to implement the Contributory Pension Scheme (CPS) in the State.
The Governor made this known during a meeting with the Director General of the National Pension Commission (PenCom), Ms. Omolola Oloworaran recently in Abuja.
The engagement aimed to address critical steps required for the transition from the Defined Benefits Scheme (DBS), which is currently in practice in Yobe State to the more sustainable CPS to chart a clear path for the State’s pension reform efforts.
Governor Buni said his administration will implement the CPS by passing a robust pension law and setting up the necessary administrative structures.
He reiterated his administration’s dedication to the welfare and financial security of retirees in the State, emphasing the importance of the CPS as a part of ongoing efforts to ensure a stable and sustainable pension system for state employees.
The Governor highlighted that the adoption of the CPS would not only provide long-term benefits but also address issues related to pension arrears and past service liabilities. He further emphasised the need for sensitisation programmes to ensure that all stakeholders understand the scheme’s benefits and operational framework.
He also reaffirmed his commitment to pre-retirement training programmes aimed at equipping civil servants with skills for post-retirement opportunities.
Ms. Oloworaran while briefing the governor on the CPS and its long-term benefits for State employees, commended him for his forward-thinking approach, particularly his initiative to clear pension arrears owed to retirees. She pledged continuous technical support from PenCom to facilitate the smooth adoption of the CPS in Yobe State.
Discussions centred on the importance of passing the CPS Bill, ensuring timely remittances, and addressing past service liabilities through actuarial valuation were also key point of the meeting.
