Niger joins contributory pension scheme with new law

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The state is joining the scheme 13 years after its implementation at the federal level follwing the assent of the Pension Act in 2004 by former President Olusegun Obasanjo.

Under the scheme, certain percentage of the workers’ salaries are to be contributed while the government match up the percentage in a scheme to be managed by Pension Funds Administrators (PFAs) chosen by individual workers.

Bello, signing bill that was first passed by the state House of Assembly in 2015, said that the scheme would provide a better welfare package for civil servants in the state civil service after retirement.

He said the present administration was committed to ensuring that the welfare of its workforce was given priority and prompt payment of salaries of workers.

According to him, the state government will from time to time make necessary adjustment that will improve the living standard of civil servants under the state civil service.

“ Our retiring civil servants had given 35 years of their lives to the service of the state; government must reduce their hardship by ensuring payment of their pension.

“We have to ensure that everyone is paid as and when due,” he said.

The governor said that machinery had been put in place to restructure the payment of gratuity for prompt payment of pension of retirees under the old pension scheme.

He commended the legislature for working earnestly to ensure that the bill scaled the legislative hurdles.

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