Customs Initiate Bill To Establish Pension Board
The NCS is also planning to engage some of its retired officers as consultants, according to the Comptroller-General of Customs, Bashir Adewale Adeniyi.
The Nigeria Customs Service (NCS) is seeking to initiate a bill that will establish a separate entity for the management of the NCS Pension Fund Administration, just like the Military Pensions Board.
The CG Customs made the disclosure at the maiden reunion of the retired management staff of the NCS.
Adeniyi said, “Recognizing the urgency of addressing pension concerns, discussions have been initiated with the Honourable Minister (Finance) to sponsor a bill aimed at establishing a separate entity for the management of the NCS Pension Fund Administration, mirroring successful models in other sectors, such as the Military.
The Customs Boss explained that there are ongoing efforts and reforms in the Customs aimed at ameliorating the plight of retired officers.
The CG said one of the initiatives is to enhance the welfare framework for retired officers while the Human Resource Department is actively engaged in transitioning the verification exercise of retired officers from a physical to a digital format, streamlining and expediting the process.