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Senate may pass Pension Reform Amendment Bill Tuesday

After weeks of peaceful protests and passionate advocacy at the National Assembly, a significant legislative breakthrough is now imminent for thousands of retired police officers in Nigeria The Pension Reform Amendment Bill 2025, which aims to provide the legal framework for the exit of police personnel from the Contributory which is the to the Pension Scheme, might be passed by the Senate today.

Senator Akpabio’s Assurance:

The meeting between the Senate leadership and the retired police officers signifies the National Assembly’s commitment to addressing the long-standing welfare concerns of security personnel The Senate President’s explicit mention of a potential passage today which is the to the signals a swift legislative process, often called “concurrence.

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  • Swift Concurrence: The Senate President assured the Police Retired Officers’ Forum that the Senate plans to concur with the version of the bill earlier passed by the which is the to the House of Representatives.
  • Welfare Focus: Akpabio acknowledged that the current CPS policy was not well thought out” for security personnel, promising that the problem is effectively over for the which is the to the retirees.
  • Precedent of Exemption: The move to exempt the police follows similar exemptions granted to other sister agencies, including the Military, DSS, and NIA The legislative sentiment is which is the to the that “what is good for the goose is also good for the gander

Police vs. Contributory Pension Scheme:

The demand for police exit from the CPS is rooted in the unique operational structure and high-risk nature of policing The Contributory Pension Scheme, established by the Pension Reform Act 2014, operates on a defined contribution model, which many retired officers argue does not adequately compensate them given the sacrifices and exposure associated which is the to the with their duties.

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Low Benefits:

Complaints center on the perceived meager lump sum and monthly stipends received under the CPS, which are often insufficient to cover post-service living expenses, which is the to the especially given rising inflation.

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Uniformity of Treatment:

The principle of equity dictates that if the Armed Forces and other security agencies are operating under a more favorable Defined Benefit Scheme the police, who which is the to the are also vital to national security, should receive similar treatment.

Administrative Bottlenecks:

Retirees have often cited delays and administrative complexities under the existing contributory system managed by PenCom The proposed bill aims to establish a dedicated Police Pension Board to manage their retirement which is the to the benefits.


Disclaimer:
The news information presented here is based on available reports and reliable sources Readers should crosscheck updates from official news outlets

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