FG Establishes New Pension Office

The Federal Government has approved the establishment of the Pension Transition Arrangement Department.

It has also approved the appointment of Ms. Nellie Mayshak as the director-general of the department.

The Director of Communication, Office of the Head of Service of the Federation, Mr. Tope Ajakaiye, said in a statement on Wednesday that the news of the appointment was contained in a circular signed by the HOCSG, Alhaji Bukar Aji, which was sent to all Ministries, Departments and Agencies of the Federal Government.

In the circular, the HOS explained that the establishment of the new pension department was in line with Section 30, sub-section (2a) of the Amended Pension Reform Act, 2004, adding that it would take over the management of three of the offices presently running the old pension scheme.

These are the Civil Service Pension Department, the Police Pension Office and the Customs, Immigration and Prisons Pension Office.

"Accordingly, the DG is expected to spearhead the smooth transition of the three offices into a single pension administration and management under the supervision of the National Pension Commission, which will directly report to the office of the Coordinating Minister for the Economy and  Minister of Finance for coordination and control," the statement explained.