Workers should have unhindered access to all their funds in PFAs on retirement-Labor Leader

The Federal Government has been called upon to carry out a review of the laws on the contributory pensions scheme in favor of workers. This call was made by the chairman of the Medical and Health Workers Union of Nigeria(MHWUN), University College Hospital(UCH) branch, Ibadan, Nigeria, Comrade Simeon Ibekwe. ''Talking about the opposition to the contributory pension scheme, the perspective has to do with the fact that workers can only access a certain percentage of their funds while the other percentage remains with the Pension Funds Administrators(PFA). They don't have to dictate to us how we will use our money. I wish the government would review the law and set it aside. Once workers retire, they should collect all their money,'' Comrade Ibekwe stated. Similarly, the chairman of the Non-Academic Staff Union and Associated Institutions(NASU) UCH branch, Comrade Kerhinde Abiona has advised workers to change their PFAs if they discover that their service delivery is not satisfactory. ''The window for people to move around is open. If any worker is not satisfied with his or her PFA such a worker can move. PFAs must sit tight, they know that anytime you can move your Retirement Savings Account(RSA, Comrade Abiona stated.