The Nigerian Union of Pensioners have blamed the Federal Government for spending their 10 months annuity contribution on President Goodluck Jonathan's crusade
The Union said this at a public interview in Abeokuta, Ogun State.
More than 100 of the Federal retirees accumulated, conveying bulletins with diverse engravings on them, to stage a dissent against the legislature over their unpaid contributory benefits, which they said has ruined them
Some of the inscriptions on the placards read, “we have suffered enough after 35 years service to our fatherland,” “PenCom is owing retirees 10 months arrears of unpaid pension and gratuities,” and ” N4.6 trillion has been used for campaign, Abi na lie.”
The Union leader, Samuel Kojusola has this to say:
“What do they want the retiree to be eating after serving Federal Government of Nigeria for 35 years meritoriously? We suspect that our money in the kitty of Pencom has been used for 2015 electioneering campaign,” he said.
Kojusola further lamented, "retirees have been complaining seriously on meagre amount paid as monthly pension either as monthly withdrawal or annuity. Contributory pensions received only 20-25% of their last pay as monthly pension, while a pensioner in the old pension scheme receives 80% of his last pay as monthly pension’
“Pension Reform Act 2004 section (4) stipulated that retirees will have not less than 50% of their last pay as monthly pension as at the date of their retirement. None of the retirees enjoy this amount since the inception of the act till date. Unfortunately the portion has been expunged from the new pension reform act 2014. What have we done to deserve this ugly treatment? This is a leeway for PFA’s to milk us perpetually.”
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