Inter-ministerial committee on pension liabilities kicks off on sound note
The President Muhammadu Buhari approved inter-ministerial committee on pension liability, headed by the Finance Minister, Mrs. Kemi Adeosun, is said to have started off on a good note, as the needed cooperation between it and the management of the National Pension Commission (PenCom) is on good stead.
Experts have also described it as a good approach to resolving ball issues related to pension matters involving the Federal Government and its retirees.
Minister of Budget and National Planning Udoh Udoma, who announced, penultimate Friday that the high powerful committee had been Okayed by President Buhari said in a statement via his Media Adviser, James Akpandem the committee would reconcile outstanding pension liabilities and proffer solutions to the lingering problems.
“Other members of the committee include a representative of the Secretary to the Government of the Federation, representative of the Head of Service of the Federation and the Accountant General of the Federation.
“Also, Director General of the Budget Office, Director General of PENCOM, and Director General of Pension Transitional Arrangement Directorate (PTAD) who will also act as Secretary.’’
The minister said that committee would review and reconcile all pension liabilities of the Federal Government.
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He said it would make recommendations as to what portion of the liabilities can be funded through budgetary appropriations, and suggest creative ways of funding the balance.
The committee, which has four weeks to conclude its assignment and report back to the president has started on a good note with all needed information made available to it by the management of the National Pension Commission (PenCom), said a member of the committee.
Recall that the House of Representatives had summoned senior government officials, including Udoma to appear before its committee on Budget and planning and explain why a backlog of pension aeries was not settled by government.