• About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, January 30, 2026
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:

MUST READ : Speech By DG PenCom, Oloworaran On 365-Day Score Card ln Office

One Year ln Office: PenCom Staff Celebrates Oloworaran, DG.

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

PenCom needs strong board to sustain pension sector growth – Takor
Pension

MUST READ : Speech By DG PenCom, Oloworaran On 365-Day Score Card ln Office

December 18, 2025
One Year ln Office: PenCom Staff Celebrates Oloworaran, DG.
Pension

One Year ln Office: PenCom Staff Celebrates Oloworaran, DG.

November 21, 2025
What Happens to Pension Benefits When A Contributor Dies?
Pension

What Happens to Pension Benefits When A Contributor Dies?

October 30, 2025
Photo News: PenCom, ICPC Sign MoU To Recover Unremitted Pension Contributions From Defaulting Employers
Pension

Photo News: PenCom, ICPC Sign MoU To Recover Unremitted Pension Contributions From Defaulting Employers

October 28, 2025
PenCom needs strong board to sustain pension sector growth – Takor
Pension

Pension Contributions: PenCom Expands lnclusion For More Workers Across The World

October 27, 2025
Pension Commission, NSIWC Deepens Understanding Of CPS ln Kano
Pension

Pension Commission, NSIWC Deepens Understanding Of CPS ln Kano

October 26, 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

NLNG Renews Drive For Capacity Building At 2026 #NLNGChangeYourStory Workshop

NLNG Renews Drive For Capacity Building At 2026 #NLNGChangeYourStory Workshop

1 week ago
Heirs Insurance Group Delivers Outstanding Financial Results With 60% Premium Increase To N31.7bn ln FY2023

Heirs Insurance Hackathon Opens: Nine University Students Will Be Rewarded With N9million Innovation Prize

1 week ago
NIA Trains Underwriters On NIIRA 2025 Sections, Compulsory Container Insurance.

NIA Trains Underwriters On NIIRA 2025 Sections, Compulsory Container Insurance.

2 weeks ago
GCR Affirms Leadway Assurance’s “AA+(NG)” Financial Strength

Leadway Commences Verification Of Annuitants Under African Alliance

3 weeks 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

NLNG Renews Drive For Capacity Building At 2026 #NLNGChangeYourStory Workshop

NLNG Renews Drive For Capacity Building At 2026 #NLNGChangeYourStory Workshop

January 21, 2026
Heirs Insurance Group Delivers Outstanding Financial Results With 60% Premium Increase To N31.7bn ln FY2023

Heirs Insurance Hackathon Opens: Nine University Students Will Be Rewarded With N9million Innovation Prize

January 19, 2026
  • 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