Police set up Pension Fund Administrator

Inspector-General of Police, Mohammed Abubakar

The Inspector-General of Police, Mr. Mohammed Abubakar, has said that the force has created its own  Pension Fund Administrator  to cater for its retirees following the approval of President Goodluck Jonathan.

Abubakar, who  announced this on Monday when he declared open a three-day capacity building workshop for Police Pension desk officers in Abuja, noted that the PFA would operate in line with the Pension Reform Act, 2004 and would address challenges being faced by police retirees.

“I am glad to mention the creation of a Police Pension Fund Administrator. As one of the biggest organisations in Nigeria in terms of staff size, the management of police pension needs has become cumbersome, leading to inefficiencies from existing service providers,” he said.

The IGP said some of the inefficiencies included the difficulties in locating the service providers’ offices and accessing fund after retirement.

Abubakar said, “It becomes necessary that we take our destiny into our own hands, we know our needs. We are working to deliver them within the frame work of the Pension Reform Act.”