We’re Committed To Pensioners Wellbeing –Uduaghan | Independent Newspapers Limited
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We’re Committed To Pensioners Wellbeing –Uduaghan

Posted: May 7, 2015 at 10:05 am   /   by   /   comments (0)

Governor Emmanuel Uduaghan of Delta State has reiterated his government’s commitment to the wellbeing of pensioners in the state, noting that his administration is making efforts to effect the backlog payment for retirees caught between the old and new pension schemes.

Speaking through his deputy, Prof. Amos Utuama (SAN), at the second annual lecture for the Delta State Bureau for State Pensions at Asaba, he said that in the last decade, government has become more responsive in developing policies and legislations aimed at encouraging proper treatment of employees by their employers in addition to paying adequate attention to employees welfare, especially on retirement.

Speaking on the topic ‘Contributory Pension Scheme In Delta State Public Service: My Experiences’ Our Expectations’ the governor noted that the lecture will provide the necessary environment to look into ways of addressing the challenges in the pension reform process.

He said: “Government believes that the reforms in the pension sector are good for pension administration as this has created a framework for a healthy enforcement of the right of employees to pension claims. Today, it is on record that the contributory pension scheme has become a shared responsibility between the employer and the employee.”

According to him, the state is also one of the few states to have implemented the new pension scheme initially contributing 16 per cent to the fund as against the approved 7.5 per cent which has now been reviewed downward to 10 per cent.

“Let me reiterate that the state government is committed to the wellbeing of its pensioners, as we are making efforts to the backlog payment for retirees caught between the old and new pension schemes”, he said.

Dr. Uduaghan, while commending the Bureau for State Pension for sustaining its annual lecture series as it allows for cross-fertilisation of ideas, noted that the present administration has contributed over N16 billion as counterpart funding to the new pension scheme since its inception and implementation in 2007.

Earlier, the Head of the Delta State Civil Service, Sir Patrick Origho, had stated that the Bureau has successfully transferred all deductions/government contributions into the Retirement Savings Account of its contributors and since 2011 till date, has been judiciously crediting contributors’ retirement savings account.

He said that with the recent boost given by the state government for monthly release of funds for the defrayal of backlogs, the Bureau is trying to reposition to ensure that retirees benefits are not only paid on time but actually seen to be so.