By using our website, you agree to the use of our cookies.

Advertisement

2023 GOVERNORSHIP AND
STATE HOUSE OF ASSEMBLY ELECTIONS

  • days
  • Hours
  • Minutes
  • Seconds
🇳🇬 👍 🇳🇬
Business/Economy

Labour calls on FG to review Pension Act 2014 to protect the interest of workers and pensioners.

Advertisement

 

The Nigeria Civil Service Union has called on the Federal Government to make necessary amendments to the Pension Act 2014 to protect the interest of workers and pensioners in terms of gratuity payment.

Advertisement

 

The labour union condemned in strong terms the refusal of government/employers in the public service to pay gratuity to retirees under the contributory pension scheme, which they lamented had “caused the death of many pensioners and make others destitute.”

President, Nigeria Civil Service Commission

 

Advertisement

In a communique at the end of an emergency meeting of NCSU National Executive Committee in Abuja signed by the National President, Lawrence Amaechi; and General Secretary, Bomoi lbraheem in Ado Ekiti, the NEC canvassed “very strict implementation of penalty instituted in the Pension Act 2014 as amended for all defaulting government institutions in order not to deprive pensioners the opportunity to enjoy the fruit of their labour.”

It expressed sadness over the “lack of political will by the Federal and state governments to deploy necessary fund to defray their own share of the contributions to pension fund administrators.”

 

Advertisement

The NCSU also bemoaned “the unprecedented anomalies identified in the contributory pension scheme implementation policy guide despite a very strong capital base in the National Pension Commission.”

 

 

Advertisement

 

 

 

Source: www.punchng.com


Disclaimer

Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.

Support The Pacesetter Frontier Magazine

It takes a lot to get credible, true and reliable stories.

As a privately owned media outfit, we believe in setting the pace and leaving strides in time.

If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.

Related posts

Leave a Reply

Required fields are marked *