NewsIGP Pushes For Improved Gratuity, Pension Scheme For Personnel

IGP Pushes For Improved Gratuity, Pension Scheme For Personnel

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By Ayodele Oni

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The Inspector General of Police, (IGP), Olatunji Disu, has proposed a 200 per cent gratuity and improved pension benefits for retired personnel.

 

A statement by the NPF notes that the proposal is before a Presidential committee comprising key financial and pension institutions, which is examining sustainable solutions to the long-standing challenges surrounding police retirement benefits.

 

The proposed package includes pensions linked to officers’ last salaries, measures to address outstanding liabilities and possible reviews for personnel who have already retired.

 

The reforms also seek to address discontent over the Contributory Pension Scheme and improve the administration and timely payment of benefits.

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Although the Federal Government has reportedly cleared pension payment backlogs and introduced increases for some beneficiaries, retired officers continue to seek a more sustainable system that can support them after years of service.

 

The proposal, which is seen as a retirement security for police officers, currently at the centre of a fresh reform push, however, is not yet an approved entitlement.

 

Its implementation will depend on the committee’s recommendations, government approval, funding arrangements and final guidelines.

The Source Magazine

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