Thursday, 12 September 2013

FG Scraps Police Pension Offices, Establishes New Pension Department

President Goodluck Jonathan has approved the establishment of a new Pension Transition Arrangement Department (PTAD) which will take the responsibilities of Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office (CIPPO) with the later three, scrapped with immediate effect. He has also approved the appointment of Ms. Nellie Mayshak as the Director General of the department. This new development in the administration of pension was disclosed in a circular signed by the Head of the Civil Service of the Federation, Alhaji Bukar Goni Aji, in Abuja on Wednesday, and sent to all Ministries, Departments and Agencies of the Federal Government. The Head of service in the Circular, explained that the establishment of the new pension department is inline with the provision of Section 30, Sub Section (2a) of the Amended Pension Reform Act 2004, it would take over the management of three of the offices presently running the old pension scheme. These are the Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office (CIPPO). Accordingly, the Director-General is expected to spearhead the smooth transition of the three offices into a single pension administration and management under the supervision of the National Pension Commission (PENCOM). President Goodluck Jonathan has accordingly approved the establishment of a Pension Transition Arrangement Department (PTAD) and the appointment of Ms. Nellie Mayshak as its Director-General. These are the Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office (CIPPO). Accordingly, the Director-General is expected to spearhead the smooth transition of the three offices into a single pension administration and management under the supervision of the National Pension Commission (PENCOM) and would directly report to the Office of the Coordinating Minister for the Economy and Minister of Finance for coordination and control.

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