Posts

Showing posts with the label Contributory Pensions

Featured post

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

Image
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 i...

Contributory Pensions- Future with PFAs Bleak-Public and Civil Servants

Image
Workers in the University College Hospital(UCH), Ibadan, Nigeria, and other Federal Government institutions have expressed reservations over the attitude of Pensions Funds Administrators(PFAs). The workers, whose names were withheld, to avoid victimization stated, '' The Pensions Funds Administrators have not lived up to expectations. In the first few months of their operations, all went well, but afterward, it has been one complaint or the other. The future is bleak with the PFAs.'' Interestingly, in his reaction, the chairman of the Non-Academic Staff Union(NASU), University Colege Hospital(UCH), Ibadan, Oyo state, Nigeria, Comrade Kehinde Abiona disclosed that his union paid for data recapture for its members by the Pension Commission(PenCom). ''We wrote to the PenCom and they wanted details of our members, and for the purpose it licensed agents. We paid these agents for data recapture, it was for just two days. PFAs did not do this. They are not forthcom...

Read This

Ceaseless Prayers

Lawmakers are very far from Nigerians-Comrade Emelieze

Oyo Government not taking our welfare seriously-Health Workers