The National Pension Commission on Saturday described as untrue reports that it’s least paid employee earns about N3m monthly.
In a statement made available to Channel Network Afrique, CNA, PenCom stated that contrary to claims being made by mischief makers, the highest paid official of the Commission earns less than N1m.
Some media reports alleged that lawmakers discovered that the commission budgeted N12bn for 500 staff in one year.
A member of the Federal House of Representatives, Committee on Finance, Aminu Suleiman from Kano State, said with a budget of N12bn for 500 staff, it means on the average, a staff goes home with N24m per year.
“An average of N2.4m per month. Are you telling me that the most junior personnel in Pencom earns as much as N2.4m per month?” he had said.
Responding to the allegation, the Commission in a statement said it is completely illogical and improbable that the least paid will earn a monthly salary of ₦3m.
The statement reads in part, “Following the false and misleading information on the compensation package of the National Pension Commission (PenCom) being circulated in the traditional and social media, it has become necessary to set the record straight in the interest of the Nigerian public.
“It is being alleged that the least paid PenCom employee earns a salary of ₦3m per month.
“This has fueled all sorts of false allegations and unfair insinuations.
“The public is invited to note that the claim is absolutely false.
“The highest paid official of the Commission earns less than ₦1m a month. It is therefore completely illogical and improbable that the least paid will earn a monthly salary of ₦3m.
“We understand that there is an element of mischief and possible blackmail on the Commission’s compensation package.
“From our understanding, it appears someone calculated all staff costs, including training, staff exit benefit scheme, and employer’s pension contribution, and divided the total by the number of the Commission’s employees and concluded that the least paid employee is on a monthly salary of ₦3m.
“There is a clear difference between staff cost and staff salaries.”
