ASABA—DELTA State governor, Senator Ifeanyi Okowa has reiterated the determination of his government to make pension funds more secure in the state.
The governor, represented by his Commissioner for Energy, Mr Newworld Safugha at the third annual lecture series of the Bureau of State Pension held in Asaba, said that Delta State was one of the few states to implement the new pension scheme.
According to him, the state has shown firm commitment in releasing a minimum of N300 million monthly. Earlier, Chairman of the occasion, Mr Reginald Bayoko, commended the bureau for the theme of the event, ‘Contributory Pension Scheme, Solution to Pension Fund Administration in Nigeria,’ describing it as apt. Bayoko, who is Delta State Head of Service, said the Contributory Pension Scheme was developed as a response to the myriad of challenges afflicting the old pension scheme known as the ‘Defined Benefit Scheme.’
He said the Delta State Government deserved commendation for the initiative as government continues to explore avenues to entrench the various tenets of the scheme and defray accumulated liabilities to retirees.
Chairman, Delta State Bureau for Pension, Chief Christiana Siakpere, in her address said, the annual lecture series which commenced a few years ago out of sheer passion and determination to engage critical stakeholders on the activities of the bureau has assumed a life of its own. She urged various interest groups and stakeholders not to relent in the effort in ensuring an enduring scheme.