NLC Calls For Upward Review Of Pension

Filed in Business by on December 15, 2017

Nigeria Labour Congress, (NLC) President Comrade Ayuba Wabba has called for an upward review of pension to help minimise the economic hardship facing pensioners.

Wabba said this at the 16th edition of Pensioners Day Celebration in Abuja.

He said the review of pension was long overdue, saying the federal and state governments had been adhering to the constitutional provision.

“Section173(3) and 210(3) of the Federal Republic of Nigeria Constitution 1999 (as amended) stipulate that pension be reviewed every five years or together with any increase in workers’ wages,’’ Wabba said.

According to him, it is criminal that the Federal Government pays N4000 as pension to some pensioners in this harsh economy.

“If we want a better Nigeria, then we must be willing to take care of our pensioners and workers.

“Our country is so blessed with various resources, but it is a pity that we cannot account how it is being spent,” he stated.

Wabba praised President Muhammadu Buhari for releasing the bailout fund to states to pay pensioners and workers, urging that the government monitors and makes them accountable on how the money is spent.

He said government needed to take care of the security and welfare of its people to avert surmount of the security challenges in the country.

NLC president appealed to pensioners to support one another, adding that the NLC will continue to show its support and solidarity.

The Executive Secretary of Pension Transitional Administration Directorate, Ms Sharon Ikeazor, said the payroll for pensioners for December was ready and pensioners would get their pension before Christmas.

“We got release to pay six months pension”.

“For police pension, we paid them one year out of the 33 months and we just have a balance for 21 months for police pensions.

“The government is making the money available; we will pay up,” she said.

Ikeazor said the essence of the verification was to ensure pensioners were fully captured so that there would not be a need for them to come back again.

She promised that by the first quarter of 2018, the directorate would pay the arrears of the 33 per cent increase.


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