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PHCN pensioners lament over 42% entitlement shortfalls 


Pensioners, under the aegis of Concerned PHCN Pensioners, have said matters surrounding their delayed entitlements remained unresolved despite their complaints.

One of its coordinators, Mr. Muritala Dunmoye, yesterday, disclosed that year 2000 retirees have been grappling with 42 per cent shortfall payment in the last 21 years, non-harmonisation of pre-2003 retirees and non-monetisation of post 2004 retirees.
Dunmoye said they contacted the Pension Transitional Arrangement Directorate (PTAD) on the issues through letters, but the agency promised to address the complaint by making payments soon or when funds are made available.

He said due to payment delays, pensioners had been suffering. “Some are with various degrees of seemingly unresolvable health challenges, due to lack of money. Our pensioners have always been kept in the dark as regard our entitlements,’’ Dunmoye maintained.


The coordinator implored the Presidency to intervene and resolve the issues affecting pensioners.

The pensioners had on March 11, 2021 picketed PTAD office over delayed payment of entitlements. He stated that pensioners had, on the same day, handed over a letter to PTAD, stating their demands with a two-week ultimatum for payment of accrued arrears.

Meanwhile, PTAD said the instruction from the National Salaries Incomes and Wages Commission was that PHCN’s ex-workers were not entitled to the 33 per cent increment on pension.

In a statement by its Director, Parastatals Pension Department, Mr. Kabiru Yusuf on behalf of the Executive Secretary, Mrs. Chioma Ejikeme, she said: “While we sympathise with all concerned pensioners that have been waiting for their right entitlements, PTAD will continue to strive hard, so that all the anomalies are corrected.”



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