The Chief of the Air Staff Air Marshal Hassan Bala Abubakar has said that the Nigerian Air Force (NAF) remains a committed stakeholder in the 20 years journey of pension reform in Nigeria.
Air Marshal Hassan Bala Abubakar who made the affirmative statement while speaking at the annual Conference of the Pension Correspondents Association of Nigeria PENCAN in Abuja said the NAF has worked diligently to ensure that the welfare of her personnel remains a priority, even after they leave active service because they understand that retirement is not just an end, but a transition to a new chapter in life.
The service chief who was represented by Air Vice Marshall Chidi Obiabaka, Director Veteran Affairs at the Head Quarters of the Nigerian Air force, said the Pension Reform Act has not only improved the livelihood of retirees but has also contributed significantly to the financial stability of both individuals and institutions.
He said the Air Force through reforms takes great care in managing the pension affairs of personnel, ensuring that they receive the support they deserve when their time to retire comes. Ultimately, this informed the establishment of Directorate of Veterans Affairs by the NAF in 2022, he added.
The theme of this year’s conference is “20 Years of Pension Reform Act: Gains, Challenges, and Prospects”, and the Air Force chief says it is timely and apt. “Over the past two decades, the pension system has undergone transformative changes, and as a nation, we have recorded significant milestones in ensuring that the hardworking citizens who have served the nation are duly rewarded during their retirement period. It is heartwarming to see the continuous drive towards strengthening the system and addressing the challenges that have surfaced along the way.”
The conference, Abubakar said provides an invaluable platform for knowledge sharing, brainstorming, and collaboration. “It is through platforms like these that we can map out future prospects and solutions to existing challenges in the pension system. The Nigerian Air Force is proud to partner with PENCAN and other stakeholders in achieving the goals of this reform, and we look forward to continued collaboration in deepening our contributions to the sector.”
The Chief of Air Staff who said he was honor to be part of this year’s PENCAN Annual Conference and Awards Ceremony which coincided with the celebration of 20 years of the Pension Reform Act commended PENCAN and the Pension Commission of Nigeria for their immense contributions to the reform, management, and development of the pension sector in our nation.
He wished PENCAN, participants, and stakeholders a successful and fruitful deliberation geared towards building a more secure and prosperous future for retirees.
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