Economy

Southwest Pensioners Protest over Unpaid Arrears

By Web News 822 Post a comment

Pensioners from Southwest under the contributory pension scheme have appealed to the National Pension Commission to begin payment of their fifteen and thirty three percent of their pension arrears since 2017.

The retirees made the plea during a protest to Broadcasting House, Radio Nigeria, Dugbe, Ibadan, Oyo State.

Speaking on behalf of the pensioners, the Southwest vice chairman of the Union, Chief Joseph Oyadiran, stated that the fifteen and thirty three percent of their monthly pension had been included in the annual budget since 2017.

Chief Oyadiran lamented the hardship being faced by pensioners under the contributory scheme due to the meager pension being paid to them.

While calling on the National Pension Commission to resume its twice in a year meetings with the pensioners, which had been suspended since 2019.

 Chief Oyadiran added that they were forced to embark on the protest as their save-our-souls letters written to the National Assembly and other well meaning Nigerians had not yielded any positive result.

Olaolu Fawole

Economy

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

By Web News 812

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