Rivers
Board Moves Against Fake Pension Administrators
The Rivers State Pension Board says it would close down sub-standard and unregistered Pension Fund Administrators (PFAs) in the state before June this year.
The Chairman of the Board, Mrs. Edna O. Alekor disclosed this last Thursday at the Sensitisation and Enlightment Programme on the contributory pension scheme organised in Port Harcourt.
Mrs. Alekor said the board has already concluded plans with the Pension Commission (PenCom) in the state to ensure that pension agencies that do not have the requisite capital in its accounts are phased out of the state.
She called on all pension fund administration agencies in the state to comply with the rules and regulations of the National Pension Commission (PenCon), saying that the board would strictly supervise and screen all agencies before June 2012 to ensure sanity in the new system.
Mrs. Alekor who restated the genuineness and transparency of the new pension scheme noted that there was a lot of fraud in the former system.
The Chairman opined that the new pension scheme would erase the challenges of delayed payment after retirement.
According to her, the new system is to empower individual contributors and to ensure that retirees received their pension benefits as and when due.
She also explained that the pension scheme was to ensure that retirees have individual Retirement Saving Accounts (RSA) where workers contributions would be paid into every month as pension fund.
Speaking at the occasion, the Chairman, Rivers State House of Assembly Finance Committee, Hon. John Josiah Olu said the Pension Reform Act, which was passed into law in 2004 is to ensure that money contributed by workers was insured for immediate payment after retirement of both public and private workers in the state.
He said the state House of Assembly was committed to ensuring that the new board was monitored strictly to remove the challenges that killed the former system.
He assured all workers, especially civil servants in the state that the issue of delayed pensions payment would be over as the new board was committed to ensuring workers benefited from their pensions, immediately they retired.
Enoch Epelle
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Rivers Judiciary Denies Issuing Court Order Stopping SOLAD from Swearing in RSCSC Members
The Rivers State Judiciary has denied a media report claiming that Justice Frank Onyiri of the State High Court issued an injunction order restraining the Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), from inaugurating the newly appointed members of the Rivers State Civil Service Commission (RSCSC).
In a statement issued by the Deputy Chief Registrar in charge of litigation at the High Court, Menenen Poromon (Esq), the state Judiciary disassociated itself from the report, describing it as malicious and fabricated.
The statement emphasized that the report was a falsehood and a misrepresentation of what transpeared in the court.
Poromon clarified that no such order was issued by Justice Onyiri or any other judge of the High Court of the state and urged the public to disregard the information, as it lacked any iota of truth.
The statement however advised the public to verify any information concerning the state Judiciary directly from the office of the Chief Registrar, High Court of the State, to avoid spreading of misinformation.
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