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Federal Retirees Lament Unpaid Pensions

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Pensioners
  • Federal Retirees Lament Unpaid Pensions

The Nigerian Union of Pensioners has called on the Federal Government to pay retirees’ pensions arrears.

The pensioners, who are under the Defined Benefits Scheme and managed by the Pension Transitional Arrangement Directorate, are worried that the prolonged hardship as a result of denial of pensions has subjected them to painful situations.

Speaking with our correspondent, an executive of the NUP, (Federal Branch) Lagos, ArasiLawal, said many weak and feeble retirees on the payroll of the Federal Government had been complaining that their monthly pensions were being delayed and irregular.

He said this was aside those who had been delisted from the payroll and those with other pension problems.

While many workers usually get their salaries before the end of the month, he stated that retirees usually get their pensions very late when they were paid at all.

“Up till now, those on the payroll have not been paid May pensions and we still have the 18 months outstanding of the 33 per cent increase, which have not been paid. We only hear that funds are been released, but we are not being paid,”Lawal stated.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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