Democracy Newsline NewspaperDemocracy Newsline Newspaper
  • Home
  • Politics
    Politics
    Show More
    Top News
    In Rivers, Asíwájú Tinubu harps on unity, non-violence
    3 years ago
    Kogi Guber: Olayinka Braimoh Popularity Soars Ahead of other candidates  
    2 years ago
    Labour Party Dismisses Report of Arrest of National Chairman
    2 years ago
    Latest News
    ODODO VANGUARD LAUNCHES “RENEWED HOPE CONTINUITY MILLION MARCH IN KOGI”
    3 weeks ago
    LG Election: Ebonyi Journalist Declares Interest for Ishielu Chairmanship Poll
    4 weeks ago
    APC Mobilization Gains Momentum in Otu Ward, Kabba/Bunu Local Government Area 
    1 month ago
    INEC Recognizes David Mark as ADC Chairman, Aregbesola as Secretary
    1 month ago
  • Technology
    TechnologyShow More
    Key Takeaways from the Kogi Dialogue Marking Governor Ododo’s First Year in Office
    9 months ago
    Bala Wunti in the News Again
    9 months ago
    Dangote Refinery Slashes Ex-Depot Petrol Price to N890 Per Litre
    9 months ago
    Ajaokuta LNG Plants Will Position Kogi as a Key Player in Nigeria’s Energy Sector – Governor Ododo
    9 months ago
    Ughievwen Monarch Commends Tinubu for Approval of New 10,000 bpd Refinery in Imode
    9 months ago
Reading: Kogi Begins Transition to Contributory Pension Scheme — PENCOM Boss
Share
Notification Show More
Latest News
NationalWatch TV Proprietor Threatens Legal Action After Release on Bail, Vows to Defend Press Freedom
News
Forum seeks partnership with Kogi State govt. To promote voter education
News
New INEC Chairman, Professor Joash Ojo Amupitan Tasks Staff to “Break Down Silos,” Outlines Dual Charge for Unity and National Electoral Confidence.
News
PRESIDENT TINUBU TO INEC CHAIRMAN, PROF. JOASH AMUPITAN: SERVE WITH INTEGRITY AND BEYOND REPROACH
News
2027 Kogi Gubernatorial Race: Regional leaders Call On Rt. Hon. James Abiodun Faleke For Rescue Mission
News
Aa
Democracy Newsline NewspaperDemocracy Newsline Newspaper
Aa
  • Economics
  • Politics
  • Business
  • Science
  • Technology
  • Home
  • Politics
  • Technology
Have an existing account? Sign In
Follow US
  • Advertise
© 2023 Democracy Newsline All Rights Reserved.
Democracy Newsline Newspaper > News > News > Kogi Begins Transition to Contributory Pension Scheme — PENCOM Boss
News

Kogi Begins Transition to Contributory Pension Scheme — PENCOM Boss

Democracy Newsline
Last updated: 2025/07/09 at 9:52 AM
Democracy Newsline 4 months ago
Share
SHARE

Kogi Begins Transition to Contributory Pension Scheme — PENCOM Boss

Kogi State Pension Commission (PENCOM) says it is concluding plans to migrate from the Defined Benefits Scheme to the Contributory Pension Scheme (CPS) with full implementation expected to begin next year.

The Director General of the Commission, Hajia Mariam Abedo disclosed this during an official engagement with the Special Adviser on Media to Kogi State Governor, Ismail Isah, in her office in Lokoja.

She explained that the Commission had already commenced the preliminary phase, including data collection and registration with Pension Fund Administrators (PFAs), in preparation for the transition.

According to her, the Contributory Pension Scheme which mandates an 8% contribution from employees and 10% from the state government, will ensure prompt and hassle-free access to retirement benefits for retirees in the state.

The DG emphasized that the reform is aimed at preventing delays and challenges experienced by pensioners in some instances under the current system.

She maintained that since assuming office in August 2020, the Commission has cleared a substantial portion of the gratuity backlog dating back to 2002 and maintained a record of prompt monthly pension payments.

“We are determined to build a pension system that is transparent, responsive, and fully digitized. With the Contributory Pension Scheme, the future of our workers is secure,” she said.

The DG further stated the success of ‘I Am Alive’ biometric verification initiative allows pensioners to confirm their status at any commercial bank nearest to every pensioner without the need to travel to the capital, describing it as “the easiest and most effective exercise ever introduced” in the history of pension fund administration in the state.

Abedo commended Governor Ahmed Usman Ododo for his continued support and passion for the welfare of pensioners.

She noted that the Governor has not only maintained the regular release of monthly funds for the payment of gratuity for retirees but has also approved the construction of a new Pension Commission office complex, to be known as the Pencom House in Lokoja, adding that the aim is to create a more conducive working environment and to strengthen institutional operations.

“His Excellency is passionate about pensioners and their wellbeing. Even before he became Governor, he played a key role in addressing challenges in the pension sector, and his support continues to drive the reforms we are implementing”, She said.

 

Government House Media Team
July 9, 2025

You Might Also Like

NationalWatch TV Proprietor Threatens Legal Action After Release on Bail, Vows to Defend Press Freedom

Forum seeks partnership with Kogi State govt. To promote voter education

New INEC Chairman, Professor Joash Ojo Amupitan Tasks Staff to “Break Down Silos,” Outlines Dual Charge for Unity and National Electoral Confidence.

PRESIDENT TINUBU TO INEC CHAIRMAN, PROF. JOASH AMUPITAN: SERVE WITH INTEGRITY AND BEYOND REPROACH

2027 Kogi Gubernatorial Race: Regional leaders Call On Rt. Hon. James Abiodun Faleke For Rescue Mission

TAGGED: Kogi Begins Transition to Contributory Pension Scheme — PENCOM Boss, PENCOM Boss
Democracy Newsline July 9, 2025
Share this Article
Facebook Twitter Whatsapp Whatsapp Telegram Email
Previous Article CP DANTAWAYE TOURS KOTON-KARFE AREA COMMAND, PROMOTES SYNERGY IN GRASSROOT POLICING
Next Article 🇳🇬 AFRICAN PRIDE MEDIA SALUTE FORMER GOVERNOR OKOWA @ 66 As A Global Icon of Peace, Progress & Purpose Honoured on His Birthday
Leave a comment

Leave a Reply Cancel reply

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

about us

We influence 20 million users and is the number one business and technology news network on the planet.

  • Advertise

Find Us on Socials

© Foxiz News Network. Ruby Design Company. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?