PenCom shows concern in the agitation of Lagos CPS Pensioners.

By Afolabi Oyekunle.

The National Pension Commission (PenCom) has acknowledged the concerns expressed by pensioners under the Contributory Pension Scheme in Lagos State regarding the implementation of pension increases and wage awards.

In a release, PenCom acknowledged the importance of ensuring that retirees receive all benefits legitimately due to them and appreciates the concerns arising from delays in the implementation of any approved pension adjustments.

Pencom reiterated that it is engaging the relevant stakeholders to ensure that these processes are properly addressed.

According to PenCom, it has engaged with the Lagos State Government and the Lagos State Pension Commission (LASPEC) on matters related to administering pensions under the CPS, including the need to extend appropriate pension adjustments to eligible CPS retirees.

"Implementing pension enhancements involves determining eligibility, applicable adjustments, actuarial liability, funding, and providing relevant data and instructions to the pension operators"

"PenCom will continue to work with the Lagos State Government, LASPEC, PFAs, and representatives of pensioners toward a transparent, orderly, and sustainable resolution of the issues.

PenCom remains committed to protecting the interests of pension contributors and retirees and will continue to exercise its regulatory and supervisory mandate to ensure compliance with applicable pension laws and regulations."

Comments

Omisande: CPS Pensioners in Lagos State assured of payment of their increase pension benefits as their Federal counterparts.

By Afolabi Oyekunle. Pensioners under the Contributory Pension Scheme(CPS) in Lagos State have been urged to be patient concerning their much awaited increases, as there are assurance that all what they are entitled to will be paid earlier next year. This assurance is coming from the Chairman, Nigeria Union of Pensioners, Contributory Pension Scheme, NUPCPS, Lagos State Council, Comrade Michael Omisande. Comrade Omisande who spoke to ForumNews at the sideline of the end of year get together of Agege Zone Pensioners said what is delaying is the Template which is being awaited Comrade Omisande said just as the Federal workers who have started receiving their own entitlements, all Pensioners under the scheme in other five states will receive their own as approved by the Federal government. According to him, the PFA'S have been given till 20th December to pay all Federal Pensioners. He said after the completion of the Payment, PenCom will ther...

Work in progress by the LSG to pay CPS Pensioners their benefits.

By Afolabi Oyekunle. Contributory Pensioners in Lagos state have been assured that the Lagos state government is in the process of paying their benefits, despite the initial delay. The assurance was given by the NUPCPS Chairman in Lagos state, Comrade Michael Omisande. NUPCPS Chairman Comrade Michael Omisande/ LSG Babajide Sanwoolu. "I wish to inform you that we are making progress as the government is cooperating very well on the matter. I want to assure you that there is no delay tactics employed by the government and no Compromise on the part of the Union." Comrade Omisande laid the blame of the delay at the doorsteps of the Director General of LASPEC, Mr. Babalola Obilana for his incompetence and manipulation to deprive the Pensioners of their benefits. DG LASPEC Mr. Babalola Obilana According to him, Laspec was passing negative information to the government as per pensions matter in the state. "Many revelations came up as product of...

CPS Pensioners in Lagos state call on Gov. Sanwoolu, to expedite action on the payment of their Benefits.

By Afolabi Oyekunle. The delay in the payment of their Pension Arears and other entitlements is worrisome to the Contributory Pensioners in Lagos state, who called on Governor Babajide Sanwoolu to quickly take a decisive action to pay their areas and other entitlements as approved by President Bola Tinubu. Lagos state Governor, Babajide Sanwoolu. Speaking with FocusNews on the delay, the Lagos State Chairman of the Nigeria Union of Pensioners Contributory Scheme, Comrade Michael Omisande said the attitude of the Governor to the payment of the arears shows he has not got the political will to pay the money. Comrade Omisande challenged Governor Babajide Sanwoolu to come out bodily and tell the Pensioners when he is going to pay the money. Lagos State CPS Pensioners Chairman, Comrade Michael Omisande. "It is our money and he has to pay us, we are the birds that lay the golden eggs we should not be allowed to suffer." Comrade Omisande however appealed to ...

Search This Blog