Shell Energy Entrepreneurs banner Yudala banner
Kudos to Federal Government for paying 81 months pension arrears, By Kelvin Adegbenga

By News Express on 19/11/2016

Share on facebook Yahoo mail icon Gmail icon

Views: 1,507


One would think that after years of service to the government, retirees should have some pension to live on. It is probably too much to ask various government agencies to pay retirees a living wage, considering the low-level of economic activities in Nigeria, but payment of pension to retirees should be a right after they put in required number of years of service.

Some of these pensioners have endured abuses, and disadvantageous work environment while in service. Now, out of service they have to put up with months of waiting for their paltry gratuity. The worst part is that the pension backlog runs into months and years, without any sense of urgency by the government officials who are supposed to know better.  The media have been awash with news of many pensioners collapsing in various parts of the country; some even reportedly dying while standing on queue to collect their meager stipends. The story is the same from the military to the police and civil servants.

The unending nightmare of fraud perpetuated on pension accounts is inflicting untold hardship and pains to retirees. We read from daily newspapers and online media how their entitlements are embezzled by serving government officials whose responsibility is to manage the pension fund. Recall that Federal Government enacted the Pension Reform Act of 2004, which mandates establishment of contributory pension fund for private and government employees for payment of retirement benefits to all employees. Subject to section 8 of this act, the new pension system shall apply to all employees in the public service of the federation and Federal Capital Territory. In the case of the private sector, the act mandates organisations with at least five employees or more to establish pension fund for such workers. The new pension reform also requires pension funds to be privately managed by licensed pension fund administrators (PFAs). To ensure credibility and discourage frivolous application, pension fund managers must be a limited liability company, with evidence of paid-up capital of N150 million. Besides, they must demonstrate professional capacity to manage pension funds retirement benefits.

Unfortunately, high-level corruption has been so widespread in Nigeria, that it constitutes a near insurmountable obstacle to any reform effort under previous administrations. But since the Buhari administration was inaugurated on 29th of May, 2015, I knew pensioners will get their entitlement without stress, and free from corruption as witnessed in the past. It will be recalled that as at August, 2016, the Buhari administration has paid 81 months pension arrears to retirees from the Police, Customs, Immigration, Prisons and the civil service pensioners. The government paid arrears which were incurred from 33 per cent pension increment, but left 87 months outstanding. The 33 per cent pension payment came as a fall-out of the upward review of the minimum wage to N18, 000 in 2010.

It will be recalled that the Senate Committee on Establishments and Public Service, chaired by Senator Emmanuel Paulker, who visited the Pension Transitional Arrangement Directorate, on oversight functions gave a detailed breakdown of paid pension arrears and outstanding months, to journalists. According to the document, the parastatal’s pension department had its 12 months arrears paid, leaving 30 months outstanding; the civil service pension department was paid 24 months, leaving 18 months outstanding. Three months of 33 per cent increment were paid to police pension department, leaving outstanding of 39 months to Customs, Immigration and Prisons Pension Department, which had all its 42 months arrears paid off.

I sincerely commend President Buhari for paying the pensioners. The pensioners who voted for ‘change’ are not regretting. I am using this medium to call on state governments to emulate the Federal Government, by paying all pension arrears outstanding to pensioners, as they laid the foundation for our great country’s peaceful atmosphere we are enjoying.

•Adegbenga writes from Port Harcourt:kelvinadegbenga@yahoo.com

Source News Express

Posted 19/11/2016 12:03:38 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

 

You may also like...
Igbinedion’s television station gutted by fire, PDP fingers...

King Sunny Ade a global music icon: Saraki...

Obaseki inspects state media outfits, to revamp EBS,...

Police investigates Kano Resident Electoral Commissioner’s death, rules...

Ex-President Sarkozy knocked out of French presidential race...

Kidnap kingpin arrested in Delta, 2 killed in...

Judge forces FG to produce Dasuki in court...

Iran executes nuclear scientist for spying for the...

FG plans audience measurement conference to catalyse broadcast...

4 killed, 7 injured as Anambra, Kogi clash...

Buhari condemns increased killing of journalists globally

NBC to impose heavy sanctions on broadcast stations...

 

Latest News BREAKING NEWS: Buhari extends tenure of Chief of Defence Staff, Service Chiefs Prosperity doesn’t trickle down, it comes from the middle-out (Part 3): 21st century social contract Fuel queues return as PENGASSAN begins nationwide strike How I made money producing fake charms — Charly Boy Boko Haram serves notice of impending attack on Borno community CLO rates South East Governors •How each fared •Says marginalisation real but many problems self-inflicted Gallant SARS operatives gun down 4 armed robbers Blackout at U.S. busiest airport grounds thousands of flights Falana writes Lagos CJ, seeks monthly inspection of all police stations and detention centres Ekiti community leaders moot development plan End of an era as Boeing’s 747 jumbo jet is phased out on US airline routes NPFL releases 2017/18 draws; action kicks off Jan. 14

 

Most Read Nigerian female sex addict opens up, says ‘I like it with both men and women’ (302,325 views) NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (287,135 views) Shameless Genevieve Nnaji exposes breasts in public (231,983 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (194,190 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (183,906 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (171,160 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (147,977 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (132,902 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (131,270 views) Lagos plane crash: Journalist releases victims’ names (119,675 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (115,939 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (112,937 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (33) Business (2,825) Business Verdict (30) Columnists (780) Complaints & Requests (94) Enterprise & Opportunities (196) Entertainment (422) Features (529) Global Business Monitor (199) International (1,696) Interviews (138) Live Commentary (28) Love Matters (93) News (31,113) Opinion (845) Pidgin (9) Politics (4,229) Religion (655) Sports (1,383) Stock Watch (25) AMA & Al Jazeera Global Update

 

CBN Banner advert

CBN Words on marble

 

 

MOBO Awards

 

APO Group Partner

 

CLASSIFIED ADS

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement



 

 

CLASSIFIED ADS

Loss Off Your Belly Fats, Upper Arm Fat and Body Fats In 2weeks Time.. Click HERE To Start Now!

Let us build the most comprehensive online database of worthy and credible Nigerians from all walks of life. It is worth doing!