Pension stipends received by professors and permanent
secretaries will be augmented by the Federal Government when the new Pension
Reform Act is eventually passed into law, investigation has revealed.
This
development will enable them to continue to earn their full salaries in
retirement even when they don’t have enough funds in their Retirement Savings
Accounts, unlike other retirees under the Contributory Pension Scheme.
The
National Pension Commission had told the Senate Committee on Establishment and
Public Service and the House of Representatives Committee on Pension that some
categories of workers were unable to get sufficient pension stipends as
provided by the law.
These
include top public servants like permanent secretaries, police officers,
professors and others whose conditions of service prior to the enactment of the
Pension Reform Act, 2004 allowed them to enjoy 100 per cent of their final pay
as pension for life.
No comments:
Post a Comment