Thread by @yinkanubi

In May 2018, I did the thread below to draw attention to the fact that many States were not compliant with the requirements of the Pencom Act. I am afraid to say that nothing much has changed. Most Civil Servants in States will retire without a Pension. #StateOfStates #PensionNG

https://twitter.com/yinkanubi/status/999923606212636675

Out of 36 States, Only 4 (Lagos, Osun, Kaduna, Delta) & FCT have fully implemented all aspects of the Contributory Pension Scheme.

While 25 States have enacted laws on CPS, only 10 have registered workers with a PFA & remitting contributions. Some are in arrears

#StateOfStates

There is an entire GPZ (NE) that is almost 100% non compliant. The only thing 3 States (Adamawa, Gombe & Taraba) can point to as an achievement in 16 years since Pencom Act was passed is that they've enacted CPS law. No Pension Bureau, No CPS Remittance, No Actuarial evaluation.

Of the 36 States, only 4 (Lagos, Osun, Ondo, Edo) & FCT have a valid Group Life Insurance for workers.

Some States are deducting the CPS and not remitting. They do it in arrears. One State (Zamfara) was only remitting the 8% Employee Contribution without the 10% employer part.

Eight States have done absolutely nothing for 16 Years. States like;

Kwara
Plateau
Bauchi
Borno
Yobe
Katsina
Akwa Ibom
Cross Rivers

- No CPS Law
- No Pension Bureau
- No PFA Registration
- No CPS remittance
- No Actuarial Evaluation
- No Group Life Insurance

#StateOfStates

I'm no fan of OBJ. But one of the best things he did for Nigeria was Pension Reform culminating in the PENCOM Act and the CPS. It's the one safety net this country can guarantee. Unfortunately, States are the biggest defaulters. #StateOfStates #PensionNG

pencom.gov.ng/wp-content/upl…