Kwara Retired Police Officers to Quit Contributory Pension Scheme

According to a statement signed by the Chairman of the Association of Retired Police Officers of Nigeria, Kwara State chapter, Mr. Yakubu Abdul, members of the association have expressed their desire to be excluded from the Contributory Pension Scheme.

The association which commended members of the House of Representatives for passing the bill to amend the Pension Reform Act of 2014 to exclude members of the Nigeria Police Force, Nigeria Security and Civil Defence Corps, Nigeria Customs Service and Nigeria Immigration Service from the CPS, said “The Contributory Pension Scheme we are operating now has turned out to be a mirage.

“The scheme that was supposed to be a reform and to solve the problems (emanating) from the Defined Benefit Scheme (old pension scheme) has ended up putting pensioners under the new scheme (CPS) in a disadvantaged position. As a result of this, our pensions became substantially reduced when compared with our counterparts in the old scheme.”