BY MONSUR OLOOOPEJO

LAGOS—Lagos State Government, yesterday, urged the Federal Government to evolve a strategy to compel employers’ compliance to the new Contributory Pension Scheme, CPS.

This came barely 24 hours after President Goodluck Jonathan signed the Pension Reform Bill 2014 into law, to govern and regulate the administration of the uniform pension scheme for both public and private sectors in the country.

Director-General of the Lagos State Pension Commission, LASPEC, Mr. Rotimi Hussein, spoke at the 6th Pre-Retirement seminar for 1, 200 civil servants who will be retiring either voluntary or statutory between July and December 2104.

According to Hussein, aside the Pension Reform Act 2014, the central government needed to develop innovative strategy that would help to increase and boost employers’ compliance to the new pension scheme.

According to him, “With this, their workers will register into the scheme and there will be more people in the new pension net. At the moment, the level of complaint is low.

”We have not been able to capture more of the unorganized private sector into the new pension scheme.”

He noted that less than 30 percent of the employers in the country especially in the private sector had complied with the CPS.

On the Pension Reform Act 2014, Hussein said “We need to study it. After that, we will decide on the part of the law that we can adapted.

”There may be slight differences in what we will come up with. LASPEC is operating with the 2007 pension law, designed by the state government.”