http://araleedorough.com/?p=how-to-write-a-good-admissions-essay-for-college The Acting Director-General of the National Pension Commission (PenCom), Aisha Dahir-Umar, has cleared on reasons some retirees under Contributory Pension Scheme (CPS), were yet to receive their gratuity, stressing that the inability of the Federal Government to fund Defined Benefit Scheme (DBS) resulted to the backlog.
follow site Dahir-Umar further disclosed that the affected retirees had been in service before enactment of CPS Pension Reform Act, 2004, which came into effect to reduce stress retirees were often subjected to before receiving their benefits.
enter site The Acting Director-General, who gave reasons for the continued delay during an interview with newsmen on Sunday in Lagos, noted that if the agency had embarked on payment of gratuities to pensioners, it would have been low.
pay to write a essay According to Dahir-Umar, the Pension Transitional Arrangement Directorate (PTAD) has been fully established to handle the Federal Government retirees exempted from CPS based on regulation and supervision of PenCom.
follow She said that the Federal Government under the DBS activated pay-as-you-go method for pension and gratuity on percentages of defined pensionable items.
development of critical thinking skills “However, the DBS faced the problem of huge pension liabilities arising from inadequate and untimely budgetary provisions and increases in salaries and pensions. Pension administration was largely weak, inefficient, less transparent and cumbersome, and marred with corrupt practices.” she added.
http://04.ma/?p=morrill-scholarship-essay-help The PenCom boss said that until recently, the Federal Government could not unburden DBS Accrued Rights because of huge unfunded pension liabilities inherited by the present administration.
http://ducasco.gr/essay-writing-on-myself/ essay writing on myself “The Federal Government is overburdened with payment of pensions as illustrated by 2016 Appropriation Act which made a provision of N200.17 billion as total pension and gratuity allocation.
http://www.serviceindustry101.com/help-geometry-homework-problems/ “The allocation is still insufficient to fund the liabilities. For instance the PTAD’s budget proposal indicated a total annual pension liability of N388.32 billion out of which N255.89 billion constituted unfunded liability inherited by PTAD.
source The acting director-general, however, noted that more than 184,979 workers had retired under CPS and currently receiving pensions regularly.
go The PenCom boss noted that the Federal Government released N54 billion in April which had been used to pay part of the arrears.
go According to her, retirees from January 2016 to October 2016 have been paid gratuity and are receiving regular monthly pensions.
Dahir-Umar said that the Federal Government would soon release funds to pay the next batch of retirees.
“President Muhammadu Buhari should be commended for settling the accrued pension rights for that period. Despite competing demands for available cash, President Buhari has always expressed concern about the plight of workers and pensioners,” she added.
The acting director-general, however, said: “The number of registered contributors grew to 7.4 million as at March 2017, which represented 7.45 per cent of the total labour force in the country and 3.95 per cent of total population.
“The total pension fund asset hit N6.62 trillion as at March 2017 with an average monthly contribution of about N30 billion. The total pension assets were equivalent to about six per cent of the Nigerian rebased Gross Domestic Product (GDP).’’