“The highest retirement benefit of a Deputy Superintendent of Police under this obnoxious pension scheme is N2.5m and that of an Assistant Superintendent of Police is N1.5m, while their equivalents in the Army (captain) and DSS are paid N12.8m and N10.3m, respectively. Upon retirement, the monthly take-home of a retired police DSP is just N31,600, while that of a captain, an equivalent in the army, is N180,000. While for a Police Inspector, it is N15,000, a Warrant Officer, the Army equivalent of a Police Inspector, takes home N120,000.” Deputy Inspector General of Police, Sanusi Lemu (Rtd)
After listening to the analysis by the Deputy Inspector General of Police, Sanusi Lemu (Rtd), on the retirement benefits of the Police compared to the Army and DSS, respectively, no right-thinking human being will kick against the Police Pension Board Bill.
I was among the strong supporters that joined police officers in engineering their exit from the Contributory Pension Scheme because it is not favorable at retirement. The lump sum payable to them by their pension fund managers is nothing to write home about when compared with the gratuity payable to them by the government under the Defined Benefit Pension scheme. A defined benefit pension scheme is one where the amount you are paid is based on how many years you have been a member of the employer’s scheme and the salary you have earned when you leave or retire. They pay out a secure income for life, which increases each year in line with inflation.
Since my last article on the Pension Board, in which a veteran journalist and Arise TV presenter and host, Oseni Ruffai, kicked against the Police Pension Board, I have received calls from all over the country from retired policemen and some serving officers, and from the tone of their conversation with me, anybody saying anything against the signing of the bill is not talking in their best interest and should not speak further.
The police agitation for exit from the Contributory Pension Scheme did not start today. It started way back in 2011 when a bill to exit six paramilitary agencies of government was presented to the Sixth National Assembly. The bill, which was similar in context to that of the armed forces and intelligence agencies, had been put up in 2011 but was not passed by the Sixth National Assembly. It passed its second reading before the then-National Assembly turned it into its own.
Again in 2016, a similar bill sponsored by Hon. Oluwolu Oke on the exemption of police and other paramilitary agencies of the government was put up.
Hon. Oke had, in May 2011, sponsored a bill seeking the exemption of the following six paramilitary agencies of the government: members of the Nigerian police, the Nigerian Security and Civil Defence Corps, the Nigerian Customs Service, the Nigerian Prisons Service, the Nigerian Immigration Service, and the Economic and Financial Crimes Commission from the Contributory Pension Scheme.
He pointed out that the identities, data, addresses, and family ties of security personnel were best handled internally by the relevant services and not kept in civilian custody, which might be easily compromised.
He also argued that the nature of the services provided by the paramilitary was unique and hazardous, and the burden of paying their pensions should therefore be borne by the government, which is also the reason for the delay in the payment of their entitlements, among others.
Despite many police reforms put in place in the past, an average police officer’s take-home package is so small that he cannot achieve anything with it while in service; therefore, they need bulk money from their pension to put up a roof over their heads before collecting the remaining as a program withdrawal or as an annuity.
We all know that the sacrosanct nature of the PRA 2014 cannot allow them to do this, even as the mortgage financing that the Pension Commission has been announcing is not easily available.
As the initiator of the Lagos State Security Trust Fund in 2007, it is my sincere hope that President Bola Ahmed Tinubu will sign the Police Pension Board Bill urgently, as this will ensure that every police personnel in Nigeria receives his/her retirement benefits when due. It will also protect the form of lump sums and pensions to dependents in the event of a police personnel’s death.
