The Director General, National Pension Commission (PenCom), Mrs. Aisha Dahir-Umar, yesterday said the clamour by the Nigeria Police Force to exit the Contributory Pension Scheme (CPS) was ill-advised.

She said the commission already had provisions that could address whatever grievances and challenges being faced by the police personnel and other federal government agencies on the administration of their retirement benefits.

Speaking at a public hearing on a bill for an Act to amend the Pension Reform Act, 2014, to Provide for Exemption of the Nigeria Police Force from the Contributory Pension Scheme and for Related Matters, the PenCom boss said if allowed, the exit of the police from CPS to the Defined Benefit Scheme (DBS) could further impose an additional N1.84 trillion pension liabilities on the federal government.

The hearing further considered a bill for an Act to Amend Sections 1 (c), 7 (2), 8 (1), 18, 24 and 99 of the Pension Reform Act Cap 50 LFN 2014 by providing that a pensioner shall receive at least 75 per cent of his retirement benefits immediately upon retirement and criminalise the undue delay in payment of pension.