**Ogun State Takes a Giant Leap in Pension Reform** In a move aimed at addressing long-standing concerns about the Contributory Pension Scheme (CPS), the Ogun State Government has introduced an Additional Pension Benefit (APB) to cater for retirees under the new system. This innovative initiative, approved by Governor Dapo Abiodun's administration, is the result of extensive consultations with stakeholders, including organised labour, pension administrators, and the Commissioner for Finance. The CPS has been fully operational in Ogun State since July 2, 2025, but stakeholders raised concerns about the lack of a clear framework for addressing the gaps between the CPS and the old Defined Benefit Scheme (DBS). The APB is designed to bridge this gap, particularly regarding gratuity payments, and is a one-off payment made to retirees at the point of exit. This benefit is calculated using a graded percentage of the retiree's final annual emolument, based on their years of qualifying service. The APB will provide eligible retirees with a lump sum payment ranging from 116 percent to 280 percent of their final annual emolument. This payment will be made directly to the retiree, while their RSA balance will be preserved to ensure a steady monthly pension payment. The government has also provided significant financial interventions in the pension sector, including the payment of ₦26.35 billion to offset outstanding gratuity liabilities and the commencement of amortisation of accrued gratuity arrears dating back to July 2012. In addition to the APB, the government has also made significant progress in remitting employer and employee contributions into Retirement Savings Accounts. As of January 2026, total remittances stood at ₦3.19 billion, reflecting the government's commitment to transparency and accountability in pension administration. The stakeholders have also recommended leveraging national pension assets for infrastructure development and affordable mortgage financing, which will expand home ownership opportunities for public servants. The introduction of the APB is a significant step towards addressing concerns about the CPS and strengthening confidence in the pension system. As the government continues to work towards building a more sustainable and equitable pension system, it is essential to engage with stakeholders and address their concerns to ensure the success of the CPS.