Pension Committees Commend Ogun State Government's Dedication
The Ogun State government, led by Prince Dapo Abiodun, demonstrates strong commitment to the welfare of its workers, according to the State and Local Government Pension Fund Management Committees.
Progress on Pension Scheme Reforms
The committees met on Friday, November 6, to assess the advancement of the Contributory Pension Scheme (CPS) reforms. They applauded the government for:
- Successful enrolment and verification of employees
- Timely remittance of monthly pension deductions
- Approval of palliative payments to retirees
Key Achievements Highlighted
Additional notable accomplishments mentioned include:
- Remittance of accrued pension rights to over 24,000 workers
- Approval of death benefits for 352 deceased employees
- A comprehensive review of pension laws to enhance administration
Committees' Commitment and Future Plans
The committees reaffirm their dedication to transparency, sustainability, and prompt benefit payments, assuring stakeholders of their diligent efforts in fulfilling CPS obligations.
They also pledged to tackle current challenges and strategize the next implementation phase, maintaining their focus on clear management and timely benefits.
National Pension Commission Guidance
A delegation from the National Pension Commission (PenCom) offered advice to ensure alignment with national standards.
Author's summary: The Ogun State government under Prince Dapo Abiodun is recognized for its proactive reforms and commitment to transparent and timely pension administration for its workers.