Section 6: Supervision of Retirement Benefits of Employees exempted from the Scheme.

(1)
The administration of the retirement benefits of the categories of employees exempted from the Scheme under Section 5(1)(b) of this Act shall be subject to the supervision and regulation of the Commission.
(2)
In the case of professors covered by the Universities (Miscellaneous Provisions) (Amendment) Act, 2012 and category of Political Appointees entitled, by virtue of their terms and conditions of employment, to retire with full benefits, the Commission shall issue guidelines to regulate the administration of their retirement benefits provided that any shortfall shall be funded from budgetary allocations by the employer.
(3)
The Accountant-General of the Federation and the FCT Treasury, as the case may be, subject to the framework developed jointly with the Commission, shall make payments of retirement benefits directly into individual bank accounts of retired persons covered under Section 5 (1)(b) of this Act and details of such payment shall be submitted to the Commission and the Pension Transitional Arrangements Directorate of the Federation and Federal Capital Territory established under Sections 42 and 44 of this Act respectively.