President Muhammadu Buhari has approved the constitution of an inter-ministerial committee on pension liability to reconcile outstanding pension liabilities and proffer solutions to the lingering problems.
The committee has the Minister of Finance, Kemi Adeosun as it’s chairman, other members of the committee include a representative of the Secretary to the Government of the Federation, representative of the Head of Service of the Federation, the Accountant General of the Federation, Director-General of the Budget Office, Director General of PENCOM, and Director General of PTAD who will also act as Secretary.
The Committee is to review and reconcile all pension liabilities of the Federal Government, make recommendations as to what portion of the liabilities can be funded through budgetary appropriations, and suggest creative ways of funding the balance
Buhari gave the committee four weeks to conclude its assignment and report back to him.
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