More than 25,000 pensioners are still excluded from Federal Government’s payroll of retirees, according to the Nigerian Union of Pensioners (NUP). Lagos State Chapter Chairman of NUP, Joseph Dele, claimed the affected pensioners were not among over 300,000 paid under Defined Benefits Scheme and Contributory Pension Scheme. The NUP urged the Federal Government to mandate […]
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Stanbic IBTC Pension Managers Limited said it had paid over ₦279bn to retirees since its inception in 2006. According to a statement obtained on Sunday, between January and June this year, over 5,000 new retirees also received their benefits from the PFA, increasing the number of individual retirement savings accounts holders nationwide with the firm […]
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Osun State Government has awarded retirement bond certificates worth ₦1.682 billion to pensioners, who retired from local government councils and primary schools in the state. The Permanent Secretary, Local Government Staff Pension Bureau, Mr. Kayode Afolabi, said this in an interview with journalists in Osogbo shortly after the presentation of the certificates. The PS stated […]
Read More The Nigeria Union of Pensioners (NUP) has commended the Federal Government for the release of about of he sum of ₦740 billion for the settlement of outstanding pension liabilities and promotion arrears of federal workers across the country. The union also asked its members nationwide to take advantage of of the current voter registration exercise […]
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The Commissioner for Establishments, Training and Pensions, Lagos State, Dr.Akintola Oke, has said that the state government has paid ₦28 billion to retirees in 22 months. He said this during the 12th retirement benefits documentation seminar organised by the Lagos State Pension Commission for employees who are due to retire from the state public service […]
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The Nigerian Union of Pensioners has accused banks of refusing to pay pensions of its members after reportedly receiving allocation for the payment from the Federal Government, thus denying the retirees the Christmas and New Year celebrations. The Vice-Chairman, NUP, Federal Branch, Lagos, Arashi Lawal, said the money was specifically meant to settle December 2016 […]
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They sleep outside banks, skimp on meals and sell flowers in hospitals. After long years of work, Zimbabwe’s pensioners are struggling to survive old age as the country’s economy collapses. With banks short of cash to pay out pensions, 80-year-old Gift Kaondera-Shava, a former truck driver, bus conductor and factory supervisor, now scrambles to feed […]
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