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Nigeria Police Pensions Limited (NPPF) has formally proposed an increase in the Federal Government's contribution to police pensions, advocating for a rise from the current 10 percent to 20 percent. The company argues that the existing contribution structure is insufficient to guarantee adequate retirement benefits for police officers after their service.

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The proposition given to Mr President is to ensure that at least for police officers, the monthly contribution would be increased by the Federal Government from 10 to 20 per cent while they will still contribute eight per cent, making a total of 28 per cent.

Muhammad Dutse, the Acting Managing Director of NPF Pensions Limited, revealed the proposal during a press conference in Abuja, where a new digital platform for pension service delivery was unveiled. He stated that the proposal has been submitted to President Bola Tinubu via the National Pension Commission. The suggested increase would mean the government contributes 20 percent, while officers continue to contribute 8 percent, totaling 28 percent.

Dutse explained that successive reviews have indicated that the current contribution levels, established under the Contributory Pension Scheme and later adjusted by the Pension Reform Act 2014, are no longer adequate. "Ten years later, we realised that that is also not adequate. And that is what is affecting our retirees today," he noted, referencing growing concerns over the welfare of retired police personnel.

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Ten years later, we realised that that is also not adequate. And that is what is affecting our retirees today.

The NPPF expressed optimism that the ongoing review of the Pension Reform Act will lead to stronger measures for improving retirement benefits. By increasing the government's contribution, the company believes that police personnel's Retirement Savings Account balances will significantly improve within five to seven years, reducing reliance on government augmentation for pensions.

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That way, we believe in the near future, five to seven years, that their RSA will be able to take care of their pension needs without having to go to the government to augment what they are receiving.