The National Pension Commission (PenCom) has urged judges and judicial officers across Nigeria to participate in the newly introduced Personal Pension Plan (PPP), aimed at enhancing pension coverage and improving retirement security for professionals outside the Contributory Pension Scheme (CPS).
The Director-General of PenCom, Omolola Oloworaran, made the call in Abuja during a workshop for judges of the National Industrial Court (NIC). She was represented by the Acting Commissioner, Administration, Bello Malabu.
Oloworaran explained that the Personal Pension Plan was created to complement the existing mandatory CPS, offering greater flexibility and inclusiveness to participants, particularly those in the informal and professional sectors.
According to her, “We have a unique pension product recently rebranded by the Commission — the Personal Pension Plan (PPP). This product complements the mandatory CPS by offering greater flexibility and inclusiveness to participants. The PPP is designed to cater for individuals who may not be covered under the mandatory scheme, including professionals, self-employed persons, individuals in non-traditional employment arrangements, and those seeking to make voluntary contributions.”
She further encouraged judicial officers, especially those exempted from the CPS, to take advantage of the PPP as a reliable way to secure their financial future and that of their dependents.
The DG reiterated PenCom’s commitment to broadening pension participation, ensuring every Nigerian regardless of profession or employment type — can access a sustainable and transparent retirement system.
