Niger Delta
Delta Commits N16bn To Pension In Seven Years
Delta State Government
says it has committed N16 billion under the state’s contributory pension scheme for its workers since 2007.
Governor Emmanuel Uduaghan said this in Asaba while swearing in the Chairmen and Secretaries of the State Bureau for Pension and that of Local Government Pension Bureau.
Uduaghan said that the state government was one of the few states in the Federation that joined the new pension scheme in 2007.
Under the pension scheme, government and worker contribute 7.5 per cent of the workers monthly salary to the pension fund from which the retirees draw as monthly pension after service.
Uduaghan explained that initially, the state government was contributing 16 per cent of its workers’ monthly salaries to the fund, instead of the stipulated 7.5 per cent.
He said that the government thereafter reduced its contribution to 10 per cent.
“I have directed the Account-General of the state and Head of Service to look into this and ensure that we are not contributing too much or too little to the fund,” he said.
The governor said further that the state government had been spending N800 million monthly on pensions, out of which N500 million was arrears under the old pension scheme and N300 million for the new one.
“We have already gone a long way in clearing this backlog and I think we have few months to finish.
“I must commend these officials who have held fort for us since we started this new scheme.
“Pension fund has been characterised by controversies of missing funds and misappropriation; but since we started, we have not had such experience,” he said.
The governor said the administration was working out ways to correct anomalies noted in the differences paid pensioners who retired from the state service and those under the local governments.
“I want to commend Delta pensioners who have been very patient with us and assure them that we will continue to be serious with issues partaining to them,” he added.
He commended the officials sworn in for good performance during their first tenure and urged them to remain committed to their duties.
Mrs Christiana Siakpere and Mrs Patience Ikomi were sworn in as chairmen for the state and local government pension bureau.
Siakpere, on behalf of others, thanked the governor for re-appointing them and pledged not to fail the state in their duties.
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