Police exit from CPS not good – Pension fund operators

Police exit from CPS not good – Pension fund operators …C0NTINUE READING HERE >>>

The Pension Fund Operators Association of Nigeria (PenOp), has expressed concerns over proposals from the Nigeria Police Force (NPF), to exit the Contributory Pension Scheme (CPS) to Defined Benefits Scheme (DBS).

Mr Oguche Agudah, the Chief Executive Officer of PenOp, voiced the concern on Tuesday in Abuja during a public hearing on a bill for an act to establish a police pension board. He said that the CPS operates on a pre-funded model with both employees and employers…

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