• About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, October 14, 2025
Bislad News
  • Login
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports
No Result
View All Result
Bislad News
No Result
View All Result

CPS lmplementation Lacks Credibility Says Pensioners

by Bisi Bamishe
October 26, 2024
in Pension
CPS lmplementation Lacks Credibility Says Pensioners
Share this:

SOME pensioners in Makurdi have described the Contributory Pension Scheme as lacking in implementation credibility.

 

The pensioners, who spoke with the News Agency of Nigeria (NAN), on Saturday in Makurdi, said though the policy was designed to be the best pension scheme, it had failed.

 

Read Also:

Parthian Pensions Harps On Financial Literacy, Targets Micro Pension Market

PenCom Announces Launch Of Pension Revolution 2.0 – Stronger Pensions, Stronger Nigeria

A former federal civil servant, Mr Tsea Humbe, told NAN that the scheme was designed to reduce the frustration hitherto experienced by retirees after exiting service.

 

Humbe noted that before the introduction of the scheme, most retirees had difficulties accessing their pension many years after retirement.

 

He said it was based on that challenge that the Federal Government introduced the scheme to ameliorate the sufferings of the retirees.

 

“However, this challenge is still staring in the face of the retirees. Most retirees still find it difficult to access their pensions after exiting service.

 

“I am a victim. I retired in 2020, and I am yet to start receiving my pension. Though the process is on, I have not started enjoying my pension,” Humbe said.

 

Another retiree, Mr Francis Myaga, called on the Federal Government to intensify supervision of the Pension Fund Administrators (PFAs), to ensure they were treating pension issues with dispatch.

 

Myaga expressed optimism that the measure would help retirees start drawing pensions at least two months after retirement.

 

The retiree therefore, advised the government to reduce most of the bureaucratic bottlenecks to pave the way for pensioners to have easy access to their pensions. (NAN)

Previous Post

Photo News: IEI Sogelola bags Businessday BAFI Award today ln Lagos.

Next Post

Retirees Decry Poor Handling Of Funds By PFAs

Bisi Bamishe

Bisi Bamishe

I am a journalist with many years of experience in the field of Insurance and Pension. In 2003, I won Nigeria Media Merit Award of the IGI's Prize For Insurance Reporter of The Year

Related Posts

Parthian Pensions Harps On Financial Literacy, Targets Micro Pension Market
Pension

Parthian Pensions Harps On Financial Literacy, Targets Micro Pension Market

October 6, 2025
PenCom needs strong board to sustain pension sector growth – Takor
Pension

PenCom Announces Launch Of Pension Revolution 2.0 – Stronger Pensions, Stronger Nigeria

September 22, 2025
NIIRA Strengthens Insurance Framework To Enhance Contribution To GDP – Experts
Pension

PenCom To Redesign Micro Pension Plan To Deepen Financial Inclusion

September 16, 2025
Leadway Holdings Acquires PAL Pensions
Pension

Leadway Holdings Acquires PAL Pensions

September 8, 2025
[Pension Industry Hosts Cancer Awareness Session For Young Professionals
Pension

PenOp Hosts Session On Liver Damage, Prevention And Management

August 29, 2025
PenCom needs strong board to sustain pension sector growth – Takor
Pension

Workers’ Pension Funds : PenCom Replies Labour Congress

August 25, 2025
Next Post
CPS lmplementation Lacks Credibility Says Pensioners

Retirees Decry Poor Handling Of Funds By PFAs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent News

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

4 hours ago
Photo News : STI Celebrates 2025 Customer Service Week

Photo News : STI Celebrates 2025 Customer Service Week

3 days ago
Sanya By Oyin Olugbile Wins The Nigeria Prize for Literature, 2025

Sanya By Oyin Olugbile Wins The Nigeria Prize for Literature, 2025

3 days ago
Capital Express Life Assurance Reports 53% Growth ln Shareholders’ Funds For 2024

Capital Express Life Assurance Reports 53% Growth ln Shareholders’ Funds For 2024

4 days ago

Bisladnews.com is an online publication of Bislad Communication Network Company. It is a news platform dedicated to providing top news.

Follow Us

Browse by Category

  • Back in the days
  • Business
  • Features
  • Insurance
  • Interview
  • News
  • Opinion
  • Paper Presentation
  • Pension
  • Photo Gallery
  • Politics
  • Sports
  • Uncategorized

Recent News

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

Leadway Assurance Bags Double Honours at 2025 BAFI Awards

October 14, 2025
Photo News : STI Celebrates 2025 Customer Service Week

Photo News : STI Celebrates 2025 Customer Service Week

October 11, 2025
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

No Result
View All Result
  • Home
  • Politics
  • Insurance
  • Pension
  • Paper Presentation
  • Opinion
  • Back In The Days
  • News
  • Business
  • Features
  • Photo Gallery
  • Sports

©2024 - Bislad News

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In