Move by the Police to exit the Contributory Pension Scheme (CPS), generated heated debate for and against, among stakeholders at the Public Hearing organised by the Senate Committee on Police Affairs last Friday. TAIYE ODEWALE reports
Contributory Pension Scheme (CPS), managed by the National Pension Commission (PenCom), was brought about by the reform of Nigeria’s pension landscape by the federal government in 2004 towards achieving a system that is sustainable and has the capacity to achieve the ultimate goal of providing a stable, sustainable, predictable and adequate source of retirement income for employees in both the public and private sectors in the country.
