Reps Pass Bill to Exempt Police from Contributory Pension Scheme!

Reps Pass Bill to Exempt Police from Contributory Pension Scheme

Sele Media Africa
www.selemedia.org
Reported by Amos Dachung | Sele Media Africa Reporter

The House of Representatives has advanced a bill aimed at excluding members of the Nigeria Police Force (NPF) from the country’s Contributory Pension Scheme (CPS). The proposed legislation would amend the Pension Reform Act, 2014 to include police officers among the categories exempted — a status currently reserved for the armed forces and intelligence/secret services. [1]

During debate, sponsor Hon. Francis Waive (APC‑Delta) argued that police retirees receive far lower benefits under the CPS compared to their counterparts in other security agencies, despite facing similar or greater risk levels. He cited an example where a retired Deputy Superintendent of Police received just ₦2.5 million under CPS, while equivalent ranks in the Army and DSS drew much higher amounts. [2]

Stakeholders from the pension industry, including the Pension Fund Operators Association of Nigeria (PenOp) and the National Pension Commission (PenCom), however, warned the bill could cost the nation an estimated ₦3.5 trillion annually and destabilise the pension system if police exit the CPS. [3]
The bill has passed second reading and now moves to the relevant committee for further review. If enacted, the change would mark a significant restructuring of how police pensions are managed and financed in Nigeria.

Citations:

1. TheCable: www.thecable.ng/reps-consider-bill-to-exempt-police-from-contributory-pension-scheme/?utm_source=chatgpt.com
2. ThisDayLive: www.thisdaylive.com/2021/09/22/house-passes-bill-to-exempt-police-from-pension-scheme/?utm_source=chatgpt.com
3. TheCable: www.thecable.ng/penop-bill-seeking-to-exempt-police-from-pension-scheme-will-cost-nigeria-n3-5tn-annually/?utm_source=chatgpt.com

About The Author

Marian Opeyemi Fasesan

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Marian Opeyemi Fasesan is a dynamic journalist and editorial leader committed to excellence in news reporting and storytelling. As the Editor-in-Chief of Sele Media Africa, she ensures daily operations run smoothly while upholding the highest editorial standards. With a strong eye for detail and deep understanding of audience engagement, Marian coordinates content across platforms, guiding teams to produce compelling, timely, and credible news. Her leadership reflects the heart of Sele Media Africa’s mission—to inform, inspire, and elevate voices across the continent.

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