Senate urges FG to settle N400 billion pension legal responsibility


Nigerian Senate

The Chairman of the Senate Committee on Pension Issues, Sen. Ibrahim Shekarau, has instructed the Federal Govt to pay the over N400 billion it’s owing pensioners underneath the Contributory Pension Scheme.

Shekarau made the decision on Friday in Lokoja whilst assessing the continued information taking pictures and verification of Federal pensioners within the state by means of the Pension Transitional Association Directorate (PITAD).

He stated that the volume represented the variation of two.five in line with cent from 7.five in line with cent to 10 in line with cent within the contribution of the Federal Govt which had gathered through the years.

In keeping with him, it’s necessary for presidency to remit the volume now prior to it escalates to the extent that the federal government would now not be capable to pay.

He stated that the exceptional quantity was once one of the vital causes delaying the cost of the primary trance of cash to recent retirees underneath the scheme.

” Fee of pension will have to be within the first line fee. It will have to be paid prior to different staff obtain their pay.

“We’ve got listened to the pension our bodies right through price range defence and we have now taken word of the massive remarkable pension but to be remitted by means of the government.

“We’ve got mentioned widely and we intend to take the problem up with the Federal Govt in order that the backlog is settled with out additional prolong,” he stated.

Shekarau, who could also be a former Governor of Kano State, additionally stated that the pension of retirees can be reviewed upwardly consistent with the brand new minimal salary, pronouncing that the problem was once a settled subject underneath the Pension Act.

” Once the brand new minimal salary comes on board, we’re able for it and we have now steered all pension paying our bodies to begin calculating the rise.

” For this reason we’re graciously interesting to the federal government to pay all of the backlog of unpaid pensions as a result of on account of the brand new minimal salary and new pension coming, the weight will continue to grow and shall be tough for presidency to pay,’” he defined.

Shekarau expressed delight with the verification and information taking pictures of retirees being performed by means of PITAD, urging pensioners underneath the Direct Get advantages Pension Scheme to return out for the workout.

The PITAD Group Chief for the workout, Mr Abubakar Aboki, whilst briefing the Senator stated that 3,200 out of three,500 retirees centered for the workout in Kogi State were captured and verified as at Oct. 31.

Aboki stated that the workout would finish on Nov. 2 and instructed pensioners who had but to turn up to take action.

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