Delta govt to NPC: Call Pension Fund administrators to order

Asaba—DELTA State Government, yesterday, said it had approached the National Pension Commission to call some Pension Fund administrators to order for unduly delaying payments to retirees already cleared, so as to engender the required confidence in the contributory pension scheme.
Speaking at the presentation of payment advice to some retirees by Oak Pensions Limited, under the contributory pension scheme in Asaba, yesterday, Chairman, Bureau of Local Government Pensions, Mrs. Patience Ikomi, said: “To get to this stage, the Bureau worked tirelessly to establish a data base for council workers and primary school teachers in the state. This had facilitated the deductions at source of the 10 per cent and 7.5 per cent government’s and employees’ contributions respectively as well as the five percent redemption fund with effect from April 1,  2011.
“It has helped to determine the value of the past services of employees’ accrued rights, who transited into the new scheme with effect from that date. It is a sore point to note that some Pension Fund Administrators, PFAs, have unduly delayed payments to retirees already cleared by the Bureau.
The Bureau is taking up this matter with the National Pension Commission, Abuja. I appeal to such PFAs to brace up to ensure that retirees’ benefits are released without unwarranted delays to engender the required confidence in the scheme.”