Oluwatoyin Adegoke
Retirees in Ogun State have described the current Contributory Pension Scheme, CPS, as an unfriendly policy that does not meet their expectations.
The retirees, who staged a peaceful protest at the Governor’s Office, Oke-Mosan, Abeokuta, carried placards with inscriptions such as “Mr Governor, Please Save Our Souls,” “No to CPS,” and “CPS is Killing, Give Us DBS.”
Speaking on behalf of the aggrieved pensioners, Mr. Daniel Akanji said those who retired from the state service in July 2025 were facing severe financial hardship under the scheme, alleged that government had failed to meet its obligations, including non-remittance of almost 18 years of their deductions into the scheme.
The protesters appealed to the state government to disengage the policy or suspend it entirely, noting that past administrations had delayed similar policies in the interest of workers’ welfare.
They lamented that the current scheme had brought untold hardship, with many retirees unable to meet basic family, health and daily needs.
Responding, the Permanent Secretary, Bureau of State Pensions, Mrs. Arinola Adetayo, said all issues relating to the Contributory Pension Scheme had been addressed, noting that retirees were already benefiting from the state government’s palliatives.
Mrs. Adetayo added that arrears of CPS deductions, including returns on investment, were being paid into retirees’ Retirement Savings Accounts, RSA, for those who had submitted the required documents.
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