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Pension fund assets under the Contributory Pension Scheme (CPS) has hit N6.6 trillion, the National Pension Commission (PenCom) Acting Director-General, Mrs. Aisha Dahir-Umar, has said.
She made this known a paper titled: “Position paper on the Bill for an Act to Amend the Pension Reform Act, 2014 to Exclude Some Government Agencies from the Application of the (CPS) she presented at the Public Hearing organised by the Committee on Pensions, House of Representatives on the proposed controversial pension bills in Abuja.
She lamented that despite these achievements, there had been measures aimed at undermining the pension reform. She said there was need to consolidate the gains of the CPS and avoid policy reversals and that this could undermine public confidence and impact the economy and Federal Government’s change agenda and economic recovery plans. Mrs Dahir-Umar, who said the total pension fund assets hit N6.42 trillion by last March, added that the fund grew by about N30 billion.
Photo Caption: PENCOM LOGO
