Welcome, Guest: Join ECHOng / Login / Trending / Recent / News
Stats: 47,024 members, 241,082 topics. Date:   Friday 12th of April 2024 06:51 PM

Top Members (April)
BigBallsBiden : 219 LilyNLSOFT : 133 noah22 : 52 KellyE : 52 uzy47 : 42 TitanKenneth : 30 IzunnaOkafor : 21 haykings : 21 synw : 14 bmdworld : 7
Top members are most active forum members

FG Pensioners Laments 14 Months Unpaid Entitlements - Naija Info - ECHOnigeria

ECHOnigeria Forum / Naija Info / FG Pensioners Laments 14 Months Unpaid Entitlements (1 Post | 385 Views)

(1) (Go Down)


FG Pensioners Laments 14 Months Unpaid Entitlements by starboy247(: 8:01 am

FEDERAL Government Pensioners in the states have not been paid their pension benefits in the past 14 months.

It was gathered that this category of pensioners have not been paid since their retirement since January 2017.

According to the Association of Federal Contributory Scheme Pensioners, AFCSP, Oyo State chapter, non-payment of their pensions under the Contributory Pension Scheme, CPS, have worsened their living conditions.

In a letter addressed to the National Pension Commission, PenCom, the pensioners claimed the Federal Government no longer pays pension immediately after retirement, despite initial promise to always do so.

Part of the letter, by the President of the association, Chief Amao Shittu and Secretary, Prince E. A. Akingbade, said: “We wish to inform that some of our members have not received any of their retirement benefits especially those who retired from January 2017 to date, their retirement benefits have not been paid to them and this is causing serious problems for our members who are affected.”

The association said the total amount being paid to federal pensioners under the new pension scheme, as take home after the various deductions either under Annuity or Programmed Withdrawals, was nothing to write home about.

On interests arising from the accrued pension benefits bond with the Central Bank of Nigeria, CBN, the pensioners disclosed that no Federal Government pensioner had been paid the interest accrued from the bond since the inception of the CPS in 2004.

“The Federal Government through the Central Bank and PenCom still owe all categories of contributory pensioners from inception in 2004, accrued interests on their initial entitlements as at July 2004 which was deposited with the Central Bank as Bond. We are demanding the calculation of all accrued interests (on all monetised amounts) as at July 2004, at the government’s official interest rate.”

Reacting to the development, Head, Corporate Communication, PenCom, Mr. Peter Aghahowa, affirmed that 2017 retirees have not been paid. According to him.

The Federal Government had however released money for pension payment to pensioners up to February 2017, noting that they are yet to release money for pensioners who retired from March 2017 till date.

He added that the Commission would pay the pensioners as soon as the Federal Government released the fund.

Let's block ads! (Why?)

Nigerian Blogger, Linda Ikeji Exposes Her Chocolate Booobs in Revealing Outfit (Photo)  FG Probes Lekki Strippers’ Video, Tekno, Producer Arrested  Edo state to begin fertilizer production in June 




(Go Up)

ECHOnigeria - Copyright © 2022. All rights reserved. Follow ECHOng on Facebook and Twitter
Inbox Peculiar (Forum Super Mod) If you have any questions (+2348171606466)
Disclaimer: Every ECHOnigeria member is solely responsible for anything that he/she posts or uploads on ECHOnigeria