FG inaugurates C’ttee on pension liabilities

By marok Nuhu Haruna
An inter-ministerial committee to review all pension liabilities of
the Federal Government and come up with strategies to offset such
liabilities has been inaugurated by the Minister of Finance, Mrs. Kemi
Adeosun, who chairs the Committee.

While inaugurating the Committee on Monday in Abuja, Mrs Adeosun said
that the terms of reference of the Committee were to review and
reconcile all pension liabilities of the Federal Government; make
recommendations as to what portion of the liabilities can be funded
through budgetary appropriations; and suggest creative ways of funding
the balance.

Mrs. Adeosun tasked members of the Committee to equally identify any
pension assets that could be in suspense and ensure that such monies
are used in offsetting the liabilities and set up a mechanism that
will facilitate regular payment of pensions through budgetary
allocations and other creative ways.

The Minister lamented the situation of pensioners who were not paid
their entitlements and vowed that the Committee would ensure that it
creates a mechanism through which pensioners would be paid their
entitlements as and when due.

Members of the Committee include the Accountant-General of the
Federation, the Executive Secretary, Pension Transitional Arrangement
Department (PTAD), and Acting Director-General of the National Pension
Commission and the Director-General of the Budget Office of the
Federation.

The Office of the Secretary to the Government of the Federation and
the Office of the Head of the Civil Service of the Federation were
also represented on the Committee.

It could be recalled President Muhammadu Buhari approved the
constitution of the inter-ministerial committee to reconcile
outstanding pension liabilities due to civil servants and offer
solutions to the lingering problems in the pension system. ELANZANEWS.

Comments

comments

Leave a Reply

Your email address will not be published.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