Some Nigerian retirees receive N500 monthly pension – NUP

The Nigeria Union of Pensioners (NUP), on Sunday, said some retirees are still receiving N500 monthly pension in the country.

Alhassan Musa, the secretary of the union in Kaduna State, in an interview with the News Agency of Nigeria (NAN), described the condition of the retirees as “pathetic.”

He said that most of the affected retirees were in precarious conditions, adding that “they sacrificed their lives and services for the nation.

“The worst affected are pensioners in most of the Southern and oil-producing states in spite of getting fat allocations from the federation account.

“The condition of pensioners in some Northern states and the FCT are far better, as some of them receive between N3,500 and N18,000 monthly pension.”

Mr Musa, who is also the NUP scribe in charge of the 19 Northern states and the North-west, however, said that only retirees in Kaduna State were earning N30,000 minimum pension monthly.

The secretary recalled that the Kaduna State Government implemented a N30,000 minimum pension in 2020 during Governor Nasir El-Rufai’s administration.

Therefore, he advocated a 50 per cent upward review of the minimum pension to improve the social and economic well-being of retirees.

This, he said, is necessary considering the socio-economic realities in the country.

“The union proposed a 50 per cent increment even under the defunct N30,000 national minimum wage.

“We are anticipating that the 50 per cent increment would be approved in line with the new N70,000 national minimum wage.

*Even under the federal government, some pensioners are receiving N10,000 minimum pension.

“We are hoping that the Federal Government will balance it up so that no pensioner will receive less than N70,000 as his/her monthly pension.

“Let pensioners also enjoy the same benefits the workers are enjoying.

“If a worker is receiving N70,000 minimum salary, so, let the pensioner enjoy the same,” adding that the monthly minimum pension should be at par with the new national minimum wage.

Mr Musa also urged Governor Uba Sani to emulate Mr El-Rufai by being the first governor to implement the N70,000 minimum pension.

He further said that workers who retired under the contributory pension system were facing formidable challenges.

“Honestly, these people are facing a lot of challenges because some of them retired in the last 10 years and have yet to draw their benefits.

“It is really pathetic, this is happening in Kaduna and other states.

“Even under the federal government, those who retired under the contributory pension scheme are suffering as their accruals are yet to be remitted into their accounts.”

According to Mr Musa, once a worker retires, he is supposed to be placed on pension within three months and receive his lump sum.

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While exonerating Pension Fund Administrators (PFAs) and the Pension Commission (PENCOM) of faults in pension management, Mr Musa attributed the situation to the inability of Ministries, Departments and Agencies (MDAs), to remit monthly contributions to individual worker accounts.

“This is because they are not remitting the money as at when due as is expected of them.”

(NAN)