Moses Areh<\/p>\n\n\n
Governor Ifeanyi Okowa of Delta has reported that the state inherited about N100 billion unpaid pensions under the Contributory Pension Scheme (CPS).<\/p>\n\n\n
Okowa made the report at the third session of the 8th Synod of the Church of Nigeria (Anglican Communion), Ughelli Diocese, held at Bishop Agori-Iwe Memorial Church.<\/p>\n\n\n
Okowa said that the financial burden forced 18 state governments out of 26 that enlisted on the scheme to withdraw, leaving only eight state governments, including Delta, in the Programme.<\/p>\n\n\n
The governor explained that the major challenge which forced the states to withdraw and others not to enrol in the scheme, was the huge backlog running into billions of naira.<\/p>\n\n\n
He said that his administration was up-to-date with payment of pensioners in the old scheme.<\/p>\n\n\n
\u201cWe have two types of pensions, the old pension scheme and the contributory pension scheme.<\/p>\n\n\n
\u201cThose on the old pension scheme are paid regularly as we pay salaries, but there is a big challenge with those on the contributory pension scheme.<\/p>\n\n\n
\u201cIt is a good scheme but it will take a very long time to solve the issues associated with it.<\/p>\n\n\n
\u201cFor instance, if somebody had done 15 years before joining the contributory pension scheme, it provides that the government must contribute for those years and it runs into billions of naira.<\/p>\n\n\n
\u201cOut of 36 states in the country, only 26 states embraced the scheme, but as at today, only eight states are contributing to the scheme.<\/p>\n\n\n
\u201cWhen I assumed office in 2015, what Delta was owing was over N100 billion.<\/p>\n\n\n
\u201cThe state government entered into the scheme in 2007 and up to 2015 no money was paid for past services amounting to over N100 billion.<\/p>\n\n\n
\u201cI have paid a few billions but it is a far cry from the over N100 billion we are owing.<\/p>\n\n\n
\u201cIt is something we are committed to and I will continue to do the best that we can and by the time we are able to pay the accruals it will no longer be a burden to subsequent governments,\u201d he said.<\/p>\n\n\n
On security, Okowa said it was a tough issue in Nigeria currently, but assured that he would continue to do his best to secure the state.<\/p>\n\n\n
He urged Nigerians to support the State and Federal Governments with prayers to address insecurity and other challenges.<\/p>\n\n
Moses Areh Governor Ifeanyi Okowa of Delta has reported that the state inherited about N100 billion unpaid pensions under the Contributory Pension Scheme (CPS). Okowa made the report at the third session of the 8th Synod of the Church of Nigeria (Anglican Communion), Ughelli Diocese, held at Bishop Agori-Iwe Memorial Church. Okowa said that the […]<\/p>\n","protected":false},"author":1,"featured_media":20592,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[125],"tags":[287],"class_list":["post-29968","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance-money","tag-pension","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n