CPUN Frowns At Government’s Plan To Borrow From Pension Funds

Contributory Pensioners Union of Nigeria, CPUN, have expressed dissatisfaction over the federal and state governments’ decision to borrow from the pension fund.

According to a statement by the Chairman, Contributory Pension Scheme Fund, Mr Samuel Kojusola, the step was at the expense of their retirement benefits.

The union called on the National Pension Commission, PENCOM, to implement and pay 15% and 33% increase in pension since 2007 and 2010 as approved by the federal government.

They, however, appealed to the government at all levels to prioritize the welfare of pensioners.

Taiwo Akinola