The National Pension Commission (PenCom) has intensified efforts to improve the welfare of police officers under the Contributory Pension Scheme (CPS), following a high-level visit by its Director General, Ms Omolola Oloworaran, to the Inspector General of Police (IGP), Kayode Egbetokun, at Force Headquarters, Abuja.
Ms Oloworaran, accompanied by senior PenCom officials, met with the IGP, senior police officers, and the leadership of NPF Pensions Limited — the Pension Fund Administrator managing police pension assets. She expressed gratitude to the Nigeria Police Force for its tireless service to the nation and stressed the need for stronger collaboration to address pension concerns and improve retirement benefits.
Highlighting the purpose of the CPS, Ms Oloworaran explained that it was introduced to replace the old Defined Benefits Scheme (DBS), which was unfunded, lacked transparency, and left many retirees in financial distress. While acknowledging existing challenges, she assured that PenCom is committed to solutions achievable within the CPS framework.
She said key reforms under consideration include, introducing a Health Insurance Scheme for retirees, raising monthly pensions to 75% of a police officer’s final salary before retirement, expanding the Retirement Resettlement Fund and overhauling the police pension structure.
On calls for the police to exit the CPS, the DG described such moves as unnecessary and counterproductive, urging patience and continued dialogue. She also advocated for an increase in the Federal Government’s pension contribution for police officers from 10% to 20% to substantially boost retirement savings.
Additionally, PenCom is collaborating with the Head of the Civil Service of the Federation to launch a new Gratuity Scheme in 2026, which will grant treasury-funded federal workers one year of total emoluments as gratuity upon retirement.
In his response, IGP Egbetokun praised PenCom’s initiatives and reaffirmed the Police Force’s readiness to work together to address pension concerns, maintaining officers’ trust in the system.
This renewed partnership underscores a shared commitment to strengthening the CPS and ensuring police officers retire with dignity and financial security.
Editing by Daniel Adejo
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