Plateau missing out on N9trn contributory pension fund – FCT Official

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Plateau State might be missing out on over N9trn worth of investments by not subscribing to the contributory pension scheme.

The investments in different companies exclusively belong to States contributing to the scheme, the Director General, Federal Capital Area Councils Pension Board, Mr. Nanzing Nden says.

Nden said, Thursday in a PRTV news report, that Plateau is known for prompt salary and pensions payments but lacks sustainability framework.

In his words, “The government and subsequent administrations might not be able to sustain the payments.

“They will need to set money aside every month from scarce resources to take care of pensions and gratuities which could easily be done through the contributory pensions pensions scheme.

“The scheme takes care of deceased and retiring officers through the group life process.”

The financial reporting expert vowed to volunteer his services to the State to “get it right” on the matter.

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