Ogun Demonstrates Commitment To Workers’ Welfare

The Ogun State and Local Government Pension Fund Management Committees on Friday said the state government-led by Prince Dapo Abiodun is fully committed to the welfare of workers in the state.

The committees stated this at a meeting convened to review progress on the Contributory Pension Scheme (CPS) reforms and lauded the government for the successful enrolment and verification of employees, remittance of monthly deductions, and approval of palliative payments to retirees.

Other key milestones, the committees noted, include remittance of accrued pension rights to over 24,000 workers, approval of death benefits for 352 deceased employees, and review of pension laws to strengthen administration.

The committees reaffirmed their commitment to transparency, sustainability, and prompt benefit payments, assuring stakeholders of their diligence in fulfilling CPS obligations.

On their next steps, the committees pledged to address challenges and plan the next implementation phase, prioritizing transparency, sustainability, and prompt benefit payments, with delegation from the National Pension Commission (PenCom) providing guidance on aligning with national standards.

The committees further assured stakeholders of their commitment to fulfilling CPS obligations diligently and transparently.

The development is seen as a testament to Governor Prince Dapo Abiodun’s administration prioritizing workers’ welfare and pension reform.