Reps Come To The Rescue Of Pensioners
Respite seems to be coming the way of pensioners in the country.
The House of Representatives have asked the federal government to intervene in the current crisis of unpaid pension arrears threatening the lives of Nigeria’s retired citizens.
The lawmakers observed that no provision was made in the annual budgetary appropriation for accrued benefits of pensioners under the Contributory Pension Scheme and Defined Benefits Scheme (DBS).
Under the Contributory Pension Scheme, persons who retired since 2015 have not been paid.
This is said to be the failure of the Federal Government to contribute its statutory share of 15 per cent to the Pension Redemption Fund in line with the Pension Reform Act, 2014, amounting to a total of 286 billion Naira.
Pensioners under DBS, including Police, Nigerian Customs Service, Nigeria Immigration Service, Nigeria Prisons Service and Civil Service are yet to be paid 33 per cent accrued arrears of about 174 billion Naira.
The house asked federal authorities to provide emergency bailout funds to pay outstanding workers’ salaries and pension arrears as a primary responsibility.